The Linear Regression Channel for the GBP/USD currency pair reveals the following:
The GBP/USD has trended upside since last week within the Blue and Violet channels. However, the newer channels are less bullish than the Yellow one.
The pair is testing the lower limit of the Yellow channel at 1.6017 which is the key-level for the pair movement today.
Bearish Breakout outside the Yellow channel below 1.6015 opens the way to 1.3250.
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