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GBP/USD Price channel analysis, will it reach 1.2450?

British Pound / U.S. Dollar (FX:GBPUSD)  
YourLazyTrader  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis GBPUSD gbpusdshort gbpusdanalysis gbpusdsignal gbpusdtrade
4
2
trendanalysis chartpattern beyondta gbpusd gbpusdshort gbpusdanalysis gbpusdsignal gbpusdtrade
Dear traders, we can see the formation of a rising channel
in GBP/USD in the 4Hour chart. If you see the chart, we can see that
there is a big bearish impulsive candle after touching the upper trend
line of the rising channel.

So, if this set up holds, expect GBP/USD to fall further and reach 1.2450.
Therefore, sellers can take advantage of this and consider potential
short trades in GBP/USD
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