Hi guys, this is my overview for GBPUSD, feel free to check it and write your feedback in commentsđź‘Š
Some days ago price broke $1.2615 level and entered to resistance area, where some time traded and later bounced up.
After price rose to $1.2885 points, it started to decline inside the falling channel, which fell to $1.2615.
Later GBP broke $1.2615 level, after which made upward movement to $1.2710 points, and then made a strong downward impulse.
Price broke $1.2615 level one more time, exiting from channel and starting to trades inside pennant.
In this pattern, GBP declined below $1.2425 support level, but recently backed up and now trades close resistance line.
In my mind, British Pound can fall to support line and then bounce up to $1.2615 level, exiting from pennant.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Some days ago price broke $1.2615 level and entered to resistance area, where some time traded and later bounced up.
After price rose to $1.2885 points, it started to decline inside the falling channel, which fell to $1.2615.
Later GBP broke $1.2615 level, after which made upward movement to $1.2710 points, and then made a strong downward impulse.
Price broke $1.2615 level one more time, exiting from channel and starting to trades inside pennant.
In this pattern, GBP declined below $1.2425 support level, but recently backed up and now trades close resistance line.
In my mind, British Pound can fall to support line and then bounce up to $1.2615 level, exiting from pennant.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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🔶 Free telegram channel👉 bit.ly/4fKXOY0
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 bit.ly/4ibtiIs
đź’Ž ThinkMarkets Ambassador Join & explore bit.ly/4j6sALJ
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 bit.ly/4ibtiIs
đź’Ž ThinkMarkets Ambassador Join & explore bit.ly/4j6sALJ
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.