UnknownUnicorn15614419

GBPUSD: can the price continue to rise in the channel?

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FX:GBPUSD   Libra Esterlina/Dólar Americano
The price growth has been maintained since March 2020 - the movement formed a trend, which is based on the support and resistance lines, formed also in March. In February, the price collapsed from a strong resistance zone (trend line + level) at 1.424 and formed a small trend - the Wedge pattern. Now the price is at the support zone 1.378. During the past week, she bounced off this zone and returned to her place - she was entrenched. Now we can expect growth to the level of resistance at 1.424.
SL - 1.353.

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