WalterMoon

GBPUSD - Price can bounce from resistance line and start to fall

Short
FX:GBPUSD   British Pound / U.S. Dollar
Hi guys, this is my overview for GBPUSD, feel free to check it and write your feedback in comments👊

When price broke support level and area, it declined to $1.2465 point and then bounced up to area.

Next British Pound continued to decline inside from falling channel, where it broke $1.2395 level and fell to support line.

But at once, price bounced up, made strong upward impulse to resistance area, thereby leaving channel and breaking $1.2395 level again.

Also, British Pound entered into pennant, in which firstly price fell to support line, but recently backed up.

At the moment price trades close resistance line and maybe it can bounce down from this line.

After this British Pound can start to decline to $1.2385 support line.

If this post is useful to you, you can support me with like/boost and advice in comments❤️

💎 We are provide daily Crypto and Forex (include Gold) signals.
🔶 Free telegram channel👉 bit.ly/3ZlpPg4
🔥 VIP Signals Prices and Conditions👉 bit.ly/Vip_signals_walter
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.