GBPUSD - Price can break resistance line and continue to grow
Hi guys, this is my overview for GBPUSD, feel free to check it and write your feedback in commentsđź‘Š
When price entered to rising channel, it soon reached $1.2650 level, which coincided with support area and broke it.
After this, GBP rose a little more, made correction, and then bounced up to resistance level, but at once bounced down.
Later, price rose to resistance line, thereby breaking $1.2760 level, but soon it turned around and made downward impulse.
British Pound broke $1.2760 level one more time, exited from channel, and even fell below support level to support line.
But a not long time ago price bounced from this line and rose to resistance line, breaking support level again.
Now I think GBP can little decline and then bounce up to $1.2760, thereby breaking resistance line.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
When price entered to rising channel, it soon reached $1.2650 level, which coincided with support area and broke it.
After this, GBP rose a little more, made correction, and then bounced up to resistance level, but at once bounced down.
Later, price rose to resistance line, thereby breaking $1.2760 level, but soon it turned around and made downward impulse.
British Pound broke $1.2760 level one more time, exited from channel, and even fell below support level to support line.
But a not long time ago price bounced from this line and rose to resistance line, breaking support level again.
Now I think GBP can little decline and then bounce up to $1.2760, thereby breaking resistance line.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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