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GBPUSD is revisiting the key level and here a reversal can form

Long
Livre sterling / Dollar américain (FX:GBPUSD)  
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FX:GBPUSD   Livre sterling / Dollar américain
Trend Analysis Chart Patterns Wave Analysis GBPUSD traderchamp profitlio profitliotrading
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trendanalysis chartpattern waveanalysis gbpusd traderchamp profitlio profitliotrading
Market Instrument: GBPUSD
Timeframe: D1
Analysis: Technical
Structure: Channel and Key Level
Prediction: Bullish

GBPUSD is on a bear trend following the key level highlighted. This level is very important on a daily timeframe as it has acted as a support and resistance in the chart. If the price remains stronger on bullish pressure after a visit to this highlighted key level we have the potential of seeing a start of a bull trend in the coming weeks...
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