GBP/USD Technical Analysis: The Pound vs the US dollar breaks out of the bearish channel but technical challenges await ahead

Denis Joeli Fatiaki Independent Analyst

The Pound breaks out of the bearish channel in the 60 minutes time frame but faces its 500 EMA ahead as a potential resistance price point. The pound is now trading at 1.34072 support and will need to break through this point to move to the real test at 1.34184 and its 500 EMA.

Author

Denis Joeli Fatiaki

Independent Analyst

Denis Joeli Fatiaki possesses over a decade of extensive experience as a multi-asset trader and Market Strategist.

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