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DeGRAM
Mar 9, 2021 9:22 AM

GBPUSD return to resistance Long

British Pound / U.S. DollarFOREX.com

Description

My previous forecast is still valid.
As I said, the price dropped to support after the correction.

This support is the bottom line of the rising channel (channel beginning - October 2020).
After a false breakout, the price dropped from resistance 1.409 to support 1.379.
I expect it to grow back and come back to resistance.
The target is 1.422.

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Thank you for your support!
Comments
TradingAlchemist
how does results of gross domestic product of the uk change gbpusd?
alirahman0086
hi dear thanks for your chart . how much time need gu to hit that target to 1.4200 . may be this week or not ?
DeGRAM
@alirahman0086, Thanks for the words.

Yes, I am guided by the speed of the past fall.

The price has dropped from resistance to support since February 24.
alirahman0086
@DeGRAM, thanks for your reply . is its possible may be this week . it will touch 1.4075 area ?
DeGRAM
@alirahman0086, Yes, I think it's possible.
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