Dana16

GBP/USD - Towards 1.3800

OANDA:GBPUSD   British Pound / U.S. Dollar
Last week, the GBP was fighting a major resistance, the British Pound reached the highest since 2018 and tried to overcome the 1.371 resistance by reaching 1.374.

The price didn’t resist and retracted respecting the minor support formed in the ascending triangle .

A confirmed break above 1.374, my next target is 1.380 (back from 2018).

On the opposite side, if the horizonal and trendline support is broken, my target will be 1.355.

If you have a different view, please share, I would love to hear your analysis.

Comments

good job
+1 Reply
Dana16 abel11
@abel11, thank you!
Reply
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