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LegionQ8
Mar 13, 2023 9:41 AM

GBPUSD has bounced resistance area and may to fall level 1.1930 Short

British Pound/U.S. DollarFXCM

Description

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 🚀
Comments
FOREXN1
Agree ,same view !
Williamforex
looks amazing
JoeChampion
Nice one buddy, what are your thoughts on tomorrow's CPI?
AkhiPrajapati
superb
RLinda
Great idea! The design is top notch too, all the necessary information is displayed very well. Thanks for the technical analysis of the asset)
CryptoCheck-
Good Forex outlook thanks
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