FirstNameHelen

HelenP. I British Pound can exit from wedge and continue to grow

Long
FX:GBPUSD   British Pound / U.S. Dollar
Hi folks today I'm prepared for you British Pound analytics. A few moments ago, the price rebounded from support 2, which coincided with the support zone and started to rise to support 1. After this price around down and fell back to support 2 in a short time. Then price a little time traded near this level and later made impulse up to support 1, which coincided with the support zone. The British Pound broke this level, but at once fell to the trend line, thereby making a fake breakout. Next, the price started to rise inside an upward wedge, where it soon made a strong upward impulse higher than support 1, breaking this level again. After this movement, the price declined to the trend line, but a not long time ago it rebounded from this line and rose to the resistance line of the wedge, where it continues to trades near to this day. Now, I expect that the British Pound can decline a little more, and then the price rebound higher than the resistance line, thereby exiting from the wedge. That's why I set my target at the 1.2710 level. If you like my analytics you may support me with your like/comment ❤️

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