Description
â‹… Hi guys, this is my overview for GBPUSD, feel free to check it and write your feedback in commentsđź‘Š
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.
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