WalterMoon

GBPUSD - Price can make correction and then continue to rise

Long
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👊

When price bounced from $1.2250 level, it declined to $1.1925 support level and started trades inside flat.

Also, price broke support line and after reached $1.2145 level inside flat, British Pound fell below $1.1925 support level.

Next, price backed up and bounced up to $1.2200 level, thereby starting trades inside rising channel.

Inside channel price makes a correction to support line and then bounce higher to $1.2345 level.

As well British Pound broke $1.2215 level and now trades close.

Possibly price can make correction to this level and then continue to rise to $1.2340

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