Cabana Capitals Blog Technical Analysis Either a rebound or a breakout imminent on GBPUSD

Either a rebound or a breakout imminent on GBPUSD

Either a rebound or a breakout imminent on GBPUSD post thumbnail image

A Channel Up pattern was identified on GBPUSD at 1.3011, creating an expectation that it may move to the support line at 1.2957. It may break through that line and continue the bearish trend or it may reverse from that line.

Target: 1.2957 Entry: 1.3011 Stop: 1.3052

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