GBPUSD is exiting the descending channel upwards, thereby showing us that the channel boundary is being broken through. There is a strong level of 1.21615 on the chart, price is trading above it at the moment.
From the local low, 1.17650, the price went up, making a local uptrend channel, which is trying to show a bullish potential of the market.
I assume, if the price can consolidate above the support zone and above 1.21615, there are all chances to see the growth up to the short term target 1.23310.
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