LegionQ8

GBPUSD has bounced resistance area and may to fall level 1.1930

Short
FX:GBPUSD   British Pound / U.S. Dollar
Hello traders, I want share with you my opinion about British Pound. Looking at the graph, we can see how the price broke through the support level 1.2265, after which it went down and formed a fake breakout at the support level 1.1930. After a fake breakout of the support line, the price rose and tested the resistance area 1.2130-1.2150, from which it begin to decline. The price is now below the resistance area and may continue to fall and break through the support line. I think that after a possible breakdown, the support line British Pound may drop to a level 1.1930. Based on this situation, the goals I see at the level 1.2015 which coincide with support line and at support level 1.1930. Please share this idea with your friends and click Boost 🚀

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