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FirstNameHelen
Apr 26, 2023 10:53 AM

HelenP. I British Pound may fall to trendline Short

British Pound/U.S. DollarFXCM

Description

Hi folks today I'm prepared for you BRITISH POUND analytics. For a long time, the price has been moving in an uptrend. The British Pound continued to rise after a re-test, and reached the level 1.2525, from which it rebounded and fell. The price made a deep correction and continued to rise. Having broken through the resistance at the level 1.2490, the price continued to rise and tried to break through the next resistance at the level 1.2525, but could not gain a fix above, began to fall and fell to the trend line. The British Pound continued to uptrend and after a slight correction and retest of the trend line rose to resistance 1. Recently, the price tested resistance 1, rebounded and went down. The British Pound may continue to fall and reach the trend line, so the targets will be set at level 1.2440 and at level 1.2405, which corresponds to the trend line. If you like my analytics you may support me with your like/comment ❤️
Comments
RLinda
I think you got the key elements right. Great perspective on the market)
DeGRAM
Fantastic work
P_S_trade
Nice work
JoeChampion
Nice job!
SpartaBTC
You're right, there will be a pullback from that resistance zone, which makes sense.
MonoCoinSignal
Your analysis is so detailed and informative, thanks for sharing your expertise.
linofx1
Good idea
ProjectSyndicate
you got it
HAMED_AZ
Nice one
FX_Professor
Valid resistances and an AWESOME chart dear. Bravo
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