Weekly technical analysis of GBP-USD

Pound Dollar: in a bullish channel on the h4 chart and rebounded just before the resistance point 1.3070. We are awaiting a selling correction inside the ascending channel, which might extend to 1.2940, which will be the buying level inside the channel. A major condition as long as prices are inside the channel and above the level of 1.2940, the pair is only for buying. Traders are always advised to maintain a suitable stop loss for all their positions while entering the best prices.

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