FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD look like to create new Uptrend channel . Possible to fly to the moon before falling into earth back. From news GBP will unlockdown free from pandemic this July and will pressure market price go high. Lets see the next week chart what will going on. Comment below and put your view. Thanks.

Comments

Good possibility, will have to wait and see what happens on the lower TF, it has deflected/been rejected at the 200ma on the 15m and started out as consolidation but looks like it may pullback a little as momentum is driving the bears at present, volume is average, how long it lasts is another question. On the 1H I see a resistance zone at 1.38615 to 1.38729 and the 200ma just above that, so it will need to break through this area I would think, but it is looking promising.
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