GBPUSD is currently on a channel with a lot of outside price noises due to high volatility; however, it does not indicate that the channel isn't valid.
News is coming up as the government confidence vote is happening in UK and is forecasted to push down indicated by the tragic defeat of Theresa May
during the Brexit vote.
Trading Levels:
- Entry Price @ 1.28800
- Stop Loss @ 1.29200
- Take Profit @ 1.27900
- Risk/Reward: 2.25
Cheers!
Happy Trading!