price broke out of bearish channel forming multiple OCLH candlesticks outside the pattern indicating clear price breakout caused by the imbalance at liquidity pool ranging from 1.05459 to 1.01170 where we saw the start of the bullish price rally. targets at daily high @ 1.24270. FURTHER confirmation is Saudi British Bank launches ripple powered USD settlement service for corporate clients which is good news for the instrument. (SUPPLY AND DEMAND + PRICE ACTION)
Trade closed: target reached