GBPUSD can continue to rise and break of resistance area

Hello traders, I want share with you my opinion about British Pound. I decided to update the previous idea for you. We can see on the chart that the British Pound has achieved its targets and moved into the phase D. Price re-tested the resistance area, from which it bounced and decreased, where it formed the last points of support(LPS). After the formation of LPS, the price continue move up and is now below the resistance area. I think the price can continue to rise, break through the resistance areas, and continue to move upwards. So as targets for the British pound, I see the resistance area 1.2130-1.2150 and resistance level 1.2265. Please share this idea with your friends and click Boost 🚀

Note

After possible fake breakout support GBP/USD can begin move up

LegionQ8

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LegionQ8

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