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 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❤️
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❤️