LegionQ8

British Pound has left the triangle and can continue to grow

Long
FX:GBPUSD   British Pound / U.S. Dollar
Hello traders, I want share with you my opinion about British Pound. When observing the British Pound, we see how the price formed the buyer zone 1.2010-1.2035 which it was re-tested and began to rise. We can see the price break through the resistance level 1.2180, continue to grow and create an upward triangle. Not so long ago, the price broke through the resistance area, left the triangle and increased. We also see that after the test of area1.2400-1.2425, the price bounced back and fell to the current support area and re-tested it. Now the price is trading above the support area and can continue to grow. I think that British Pound can break through the resistance zone and continue to move up. In this case, I set the goals for GBP/USD at level 1.2400 and 1.2450. Please share this idea with your friends and click Boost 🚀

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