GBPUSD - Price can leave triangle and rise to $1.2710 level
Hi guys, this is my overview for GBPUSD, feel free to check it and write your feedback in comments👊
A not long time ago price entered to flat, where it first broke resistance level, which coincided with resistance area.
Then GBP declined to support level and at once bounced up to resistance area, after which in a short time fell back.
Price rose to resistance area again, made little correction, and then rose back to this area, after which made downward impulse.
British Pound exited from flat, breaking $1.2610 level, but also it entered to triangle, where rose higher this level.
At the moment, price trades near resistance line of triangle, and in my mind, GBP can correct to support line.
After this movement, British Pound will bounce up to $1.2710 level, thereby exiting from triangle.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
A not long time ago price entered to flat, where it first broke resistance level, which coincided with resistance area.
Then GBP declined to support level and at once bounced up to resistance area, after which in a short time fell back.
Price rose to resistance area again, made little correction, and then rose back to this area, after which made downward impulse.
British Pound exited from flat, breaking $1.2610 level, but also it entered to triangle, where rose higher this level.
At the moment, price trades near resistance line of triangle, and in my mind, GBP can correct to support line.
After this movement, British Pound will bounce up to $1.2710 level, thereby exiting from triangle.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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