GBPUSD: when will the price start a new rise in support?

6 במאי 2021

After the price has broken through the support line 1.379 and thus completed the formation of the pattern, it continues to move along the support line. This line was formed in March 2020. The price practically does not break away from it during the last month. This is a good sign for the rally as the price cannot break the line. A long rally towards the 1.418 resistance line can now be expected.

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