LegionQ8

GBPUSD can break resistance of triangle and continue to grow

Long
FX:GBPUSD   British Pound / U.S. Dollar
Hello traders, I want share with you my opinion about British Pound. Looking at the chart, we can see how the price formed a downward triangle and is trading inside. We also see how the British Pound made a fake breakout of the resistance line, after which it returned and fall to the support area. The price is currently trading above the support area but could go down and re-test it. I think that after a possible retest of the support area, the British Pound can continue to rise and break through the resistance of the triangle. Based on this situation, I see two goals, at level 1.2085 which coincide with resistance line and at resistance level 1.2265. Please share this idea with your friends and click Boost🚀

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