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GBPUSD goes for more bullish correction
Target: 1.3375
Risk: 1.3020
Technical reasons:
The price move inside an ascending channel supports the continuation of the correctional bullish trend, and surpassing the symmetrical triangle’s resistance forms positive motive that will push the price for more rise, and the next target reaches 1.3375.
On the other hand, breaking 1.3020 will stop the expected rise and put the price under negative pressure on the short term basis.
Risk: 1.3020
Technical reasons:
The price move inside an ascending channel supports the continuation of the correctional bullish trend, and surpassing the symmetrical triangle’s resistance forms positive motive that will push the price for more rise, and the next target reaches 1.3375.
On the other hand, breaking 1.3020 will stop the expected rise and put the price under negative pressure on the short term basis.
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