GBP/USD can break the resistance line of the channel and rise

[skrimon]

Please, if you like ideas, don't forget to support them with likes and comments, thank you so much and we'll get started.

Today, I want to talk to you about the GBP/USD chart.

On the chart, we can see how the price formed an upward channel.

The price can form an upward impulse and break through the resistance line.

I expect that after a possible breakdown of the resistance line, the price can continue to rise.

In this case, after the weekend, the price can continue to grow.

Therefore, I set the target at level 1.2500.

This is my opinion, I really hope it will be useful for you.

 

[Polakandil]

Currently, the price of GBPUSD is 1.22808, it's possibly near the resistance line, when a break high occurs possible the price rise formed new resistance, but if rejection could drop to 1.22435