The GBP/USD posted humble gains today, is fighting hard to stay in the green zone, but remains to see if the buyers will be strong enough to keep the price higher. Is trading within an ascending channel, between the warning line (wl1) and the 150% Fibonacci line (ascending dotted line).
Is expected to retest the warning line (wl1), we’ll see how will react because a rejection will bring us a great buying opportunity, but I want to remind that a breakdown will open the door for more declines.