GBP/USD DAILY ANALYIS IS BULLS SEEMS INTERESTED
The price moves in an uptrend channel and the price was in consolidation phase since mid October before the strong Rally move..
But it was able to break-out early December and went on to hit Resistance level at 1.3540 and formed a Rally-Base-Rally and retrace to test the zone at the Demand zone..
As the Rally-Base-Rally continuation pattern is confirmed,The target is going to be the 6 months higher Resistance level at R 1.35040 which might turn into a new Supply zone in return...
P.S: compare your own analysis with mine in order to decide on trade..
But it was able to break-out early December and went on to hit Resistance level at 1.3540 and formed a Rally-Base-Rally and retrace to test the zone at the Demand zone..
As the Rally-Base-Rally continuation pattern is confirmed,The target is going to be the 6 months higher Resistance level at R 1.35040 which might turn into a new Supply zone in return...
P.S: compare your own analysis with mine in order to decide on trade..