Hello traders, I want share with you my opinion about British Pound. Looking at the chart, we can see how the price formed the seller zone 1.2645-1.2670, retested it, and began a downward movement. The British Pound broke through the level 1.2540, declined and after testing the support level 1.2445 made a correction upwards. The price retested the current resistance level, continued to move down, and broke through the support level. Subsequently, the British Pound reached the level 1.2305, changed direction and began to rise. The price retested the resistance line and continued to rise. After a slight downward correction, the British Pound break through the level 1.2445, created an upward impulse and rose to the resistance level. Not long ago, the price retested the resistance level and dropped to the support level. Now the price is testing the support level and may continue to rise. I think the British Pound has made a deep downward correction and can now continue an upward move. In this case, I decided to set the targets at level 1.2480 and at level 1.2540. Please share this idea with your friends and click Boost 🚀
lower support level touched , is it still a bullish ?
KABHI_FOREX_TRADING
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Perfect buy entry
Setupsfx_
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Great stuff
KlejdiCuni
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thanks for sharing
TheNewsCrypto
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Agreed
Serana2324
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Thank you for your analysis!
Solldy
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It's a beautiful chart. You have a very good use of technical analysis tools. When you analyze the long term, do you consider the fundamental analysis?