💱GBPUSD - The upward trend continues. A rebound from support
Updated
GBPUSD forms a retest of the trend support, and on D1 the price is testing a key area. Most likely from the support area the price can form a significant bounce.
TA on the high timeframe:
1) False break of support 0.236 Fibo is formed
2) On H4 the price also tests the key liquidity area.
TA on the low timeframe:
1) The pound is testing uptrend support. Consolidation is forming.
2) There is consolidation near the local level 1.27370, which may help to overcome resistance and continue growth.
3) The trend is ascending; a rebound from the support may form a strong rally
Key support📉: 1.26989
Key resistance📈: 1.28000
TA on the high timeframe:
1) False break of support 0.236 Fibo is formed
2) On H4 the price also tests the key liquidity area.
TA on the low timeframe:
1) The pound is testing uptrend support. Consolidation is forming.
2) There is consolidation near the local level 1.27370, which may help to overcome resistance and continue growth.
3) The trend is ascending; a rebound from the support may form a strong rally
Key support📉: 1.26989
Key resistance📈: 1.28000
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