FX.co ★ GBP/USD 11.12.2019 - Potential end of the downwad correciton, weatch for buying opportuntiies

GBP/USD is trading sideways at the price of 1.2845. Anyway, I see that there is potential for further upside and potential testing of resistance levels at 1.2897 and 1.2972. Watch for buying opportunities

I found that there is potential for the completion of the ABC downward correction on the 4H time-frame and eventual new up leg. In the background, I found that there is the breakout of the downward channel, which is good addition to the GBP potential strength. Resistance levels are set at 1.2897 and 1.2972. Support level is seen at the price of 1.2814.