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GBPUSD - Price can break resistance line, exiting from triangle
British Pound / U.S. Dollar
Long
GBPUSD - Price can break resistance line, exiting from triangle
By WalterMoon
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Dec 27, 2023
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Dec 27, 2023
Hi guys, this is my overview for GBPUSD, feel free to check it and write your feedback in commentsđź‘Š
Recently price started to decline in falling channel, where it fell to support area, which coincided with $1.2530 support level.
After this, GBP bounced from this area and made strong upward impulse, thereby exiting from channel.
Also then, price entered to triangle, where it reached resistance line, but soon declined below, making a fake breakout of $1.2730 level.
British Pound declined to support line, after which it bounced back, and at the moment price trades close to resistance line of triangle.
Possibly, price can break this line, thereby exiting from triangle and then GBP will make retest, after which it continue to rise to $1.2830
If this post is useful to you, you can support me with like/boost and advice in comments❤️
britishpound
GBP
GBPUSD
Parallel Channel
Support and Resistance
Triangle
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