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WalterMoon
Apr 5, 2023 11:20 AM

GBPUSD - Price can bounce down and break support level Short

British Pound/U.S. DollarFXCM

Description

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

A few days ago price started trading inside from flat and later fell to $1.1805

Then British Pound bounced up, broke $1.1915, and started trades inside from rising channel.

Next, price made correction and continued to rise to resistance line.

Also, British Pound broke $1.2140 and recently $1.2400 levels.

Now price trades close to support level and maybe British Pound can bounce down, thereby breaking this level.

As well, I think price can make retest or not and continue to fall to $1.2255

If this post is useful to you, you can support me with like/boost and advice in comments❤️
Comments
UnitedSignals
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I have the same opinion…
DeGRAM
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Thank you. Great job.
Lingrid
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Good job! And what SL can you recommend here?
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