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WalterMoon
Mar 4, 2023 10:25 AM

GBPUSD - Price can break support level and then bounce down Short

British Pound/U.S. DollarFXCM

Description

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Hi guys, this is my overview for GBPUSD, feel free to check it and write your feedback in commentsđź‘Š

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.

If this post is useful to you, you can support me with like/boost and advice in comments❤️
Comments
MarsSignals
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great idea
GOZI-FX
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I go with your analysis đź’Ż
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