GBPUSD - Price can little rise and then start decline to $1.2760
Hi guys, this is my overview for GBPUSD, feel free to check it and write your feedback in comments👊
Recently price reached support level, which coincided with support area, but soon it turned around and declined.
Also, GBP started to trades in wedge, where it fell below $1.2575 level, but in a short time, it backed up, making fake breakout.
Then price little rose, after which it made correction to support line of wedge and then GBP made strong upward impulse.
British Pound exited from wedge and soon broke $1.2760 level too, and even recently rose higher than support area.
At the moment, I think British Pound can rise a little more, after which price turn around and start to fall to $1.2760 level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Recently price reached support level, which coincided with support area, but soon it turned around and declined.
Also, GBP started to trades in wedge, where it fell below $1.2575 level, but in a short time, it backed up, making fake breakout.
Then price little rose, after which it made correction to support line of wedge and then GBP made strong upward impulse.
British Pound exited from wedge and soon broke $1.2760 level too, and even recently rose higher than support area.
At the moment, I think British Pound can rise a little more, after which price turn around and start to fall to $1.2760 level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️