WalterMoon

GBPUSD - Price can break support level and then bounce down

Short
FX:GBPUSD   British Pound / U.S. Dollar
Hi guys, this is my overview for GBPUSD, feel free to check it and write your feedback in comments👊

After price touched resistance line it declined to $1.1845 level and then bounce up.

Next, British Pound made upward impulse from support line and broke resistance line.

Then price started moving inside in flat, but soon exited and fell to $1.1970 level, thereby broke $1.2270 level.

Also, price started trading inside downward channel and broke $1.2000 level on the third try.

As well, recently British Pound backed up, but I think price can try to break this level again and bounce down to $1.1875 level.

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