British Pound can continue to move up inside upward channel

Hello traders, I want share with you my opinion about British Pound. By observing the chart, we can see that the price some days ago started to decline inside the downward channel, where it broke the 1.2270 level and declined until to buyer zone, breaking the 1.2125 support level too. After this price rebounded and made a strong upward impulse to the 1.2270 level, which coincided with the resistance line, thereby exiting from the channel. Then the British Pound started to decline and at this moment it fell lower the buyer zone, but soon the price bounced and started to rise inside the upward channel. The inside channel happened gap, after which the price rose to the 1.2270 resistance level again, but this moment it has broken this level, and at the moment British Pound trades near. In my mind, the price can make a correction to the current support level and then it continues to move up. Therefore I set up my target at the 1.2340 level. Please share this idea with your friends and click Boost 🚀