Long

HelenP. I GBPUSD exit of triangle and may continue to grow

Hi folks today I'm prepared for you BRITISH POUND analytics. For a long time, the price moved in a local uptrend and formed a resistance zone of 1.2650-1.2680. After a re-test of the resistance zone, the price started to fall and eventually dropped to the level of 1.2305. Over a long period was formed, an ascending triangle, which the price has recently left. After retesting the trendline that matches the support of the triangle, the British Pound continued to rise and broke through the resistance zone 1.2525-1.2545, which corresponds with the resistance of the triangle. The price made a correction, tested the current support zone and continued to rise. Now the British Pound is trading above the support zone and, after a possible downward correction, can continue the local uptrend. I hope that the price may continue to rise and reach the resistance zone. Therefore, goals will be set at 1.2600 and in the zone 1.2650-1.2680. If you like my analytics you may support me with your like/comment ❤️

FirstNameHelen

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FirstNameHelen

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