A detailed explanation of the pound/dollar pair and how the trend changed from bearish to bullish.
Currently, the price is forming an ascending channel in blue color, and it crossed the supply area in red color upwards, and retests it.
Also, the price forms a small green sub-channel, and the price is based at the lower trend line of the channel, from which it can rise.
But if it is broken downwards, the price will trade towards the lower trend line of the channel, in blue color, from the daily frame.
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