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FirstNameHelen
May 15, 2023 9:25 AM

HelenP. I GBPUSD after retest support zone start to grow Long

British Pound/U.S. DollarFXCM

Description

Hi folks today I'm prepared for you BRITISH POUND analytics. Having broken through the resistance of 1.2350 at the beginning of last month, the price continued the uptrend. After several deep corrections and a re-test support at level 1.2350, the British Pound continued to rise. Above was formed the support zone 1.2455-1.2435, the price re-tested it and continued the uptrend. For a long time, an ascending wedge was created, in which the British Pound traded for some time. After a re-test support of wedge, the price rose to resistance at level 1.2670 and tried to break through it, but failed to gain a foothold, and it began to fall and left the wedge. The British Pound dropped to the support zone, re-tested it and began to move up. Now the price is trading above the support zone and may continue to rise. Perhaps the price has made a deep correction and may continue the uptrend. Therefore, goals will be set at levels 1.2525 and 1.2600. If you like my analytics you may support me with your like/comment ❤️
Comments
KABHI_FOREX_TRADING
Good support zone to stop price
Setupsfx_
Accurate analysis
TheNewsCrypto
Perfect Analysis
PropTrader_one
well, take a look at the big picture.
MonoCoinSignal
Well-articulated and well-supported analysis.
pejman_zwin
You nailed it. 🎯
basictradingtv
supportive as always Helen!
KlejdiCuni
it may grow considering the trend. I am looking at for a possible correction. Thanks for sharing
P_S_trade
Nice trade plan
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