DeGRAM | GBPUSD growth in the channel

GBPUSD is in an ascending channel above the trend lines.

The price is moving from the lower boundary of the channel, broke the upper trend line and is holding above the 62% retracement level.

The move above the $1.25 level was a strong argument to continue the upside and break the local downtrend structure.

We expect that after holding above the 62% retracement level, the chart will continue to rise towards $1.28, but it will be important to watch the pair's reaction to the upper channel boundary.

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