Hi guys, this is my overview for GBPUSD, feel free to check it and write your feedback in comments👊
A not long time ago price trades inside from rising channel, where it broke $1.2425 level.
After British Pound exited from channel, price rose higher than next level, but at once made correction to support level.
Then price bounced up and made strong upward impulse to resistance line, thereby entering a wedge.
In wedge, British Pound broke two support levels and fell to support area, where it now trades.
I think that price can bounce of support area and start to decline to $1.2295
If this post is useful to you, you can support me with like/boost and advice in comments❤️
A not long time ago price trades inside from rising channel, where it broke $1.2425 level.
After British Pound exited from channel, price rose higher than next level, but at once made correction to support level.
Then price bounced up and made strong upward impulse to resistance line, thereby entering a wedge.
In wedge, British Pound broke two support levels and fell to support area, where it now trades.
I think that price can bounce of support area and start to decline to $1.2295
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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