GBPUSD - Price can bounce up from support area to $1.2660
Hi guys, this is my overview for GBPUSD, feel free to check it and write your feedback in comments👊
Recently price entered a falling channel, where it soon declined to $1.2800 resistance level and broke it.
After this, GBP tried to back up, but when it entered to resistance area, price at once bounced and continued to decline in channel.
Soon, price reached support line and then bounced up to resistance level, after which turned around and fell back.
Then GBP exited from falling channel and started to trades in flat, where price at once made fake breakout of $1.2600 level.
Later price bounced from supprot area and rose to top part of flat, but in a short time fell back.
Now, British Pound trades near this area in flat, and I think price can fall to it and then bounce up to $1.2660
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Recently price entered a falling channel, where it soon declined to $1.2800 resistance level and broke it.
After this, GBP tried to back up, but when it entered to resistance area, price at once bounced and continued to decline in channel.
Soon, price reached support line and then bounced up to resistance level, after which turned around and fell back.
Then GBP exited from falling channel and started to trades in flat, where price at once made fake breakout of $1.2600 level.
Later price bounced from supprot area and rose to top part of flat, but in a short time fell back.
Now, British Pound trades near this area in flat, and I think price can fall to it and then bounce up to $1.2660
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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