GBP/USD 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
After a short retreat from a five-year high of 1.6823 hit in mid-February, GBP/USD started to advance again, forming a 92-bar long bullish tunnel.
While trading within the channel, the pair has almost erased all earlier losses and now is heading towards the recent high. However, market players are not univocal, with a half of them being bullish and a half-bearish. Technical data is less bewildering, sending bullish signals for medium and log terms. To confirm the this, the currency couple has to bounce off the level of 1.6732 (daily PP, four-hour S1) and move to 1.6749 (daily R1) that is capable of stopping the advance for some time.
© Dukascopy Bank SA
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