FX.co ★ Daily Video Analysis: GBPUSD showing potential for short-term rise!

Today we take a look at GBPUSD. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups. Price has just broken out of the ascending trendline support-turned-resistance. We could potentially see a bounce from our buy entry and a further rise up to our take profit level, which is in line with the ascending trendline support-turned-resistance.