FX.co ★ Daily Video Analysis: GBPUSD bullish breakout, potential for 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 seen a bullish breakout from descending trendline resistance-turned-support. We could see further upside should price break and close above Buy Entry, towards Take Profit level, in line with horizontal swing high resistance.