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FirstNameHelen
Mar 30, 2023 10:32 AM

HelenP. I GBPUSD can continue to rise and reach resistance zone Long

British Pound/U.S. DollarFXCM

Description

Hi folks today I'm prepared for you BRITISH POUND analytics. After the recent breakdown of the resistance line of the channel, the British Pound made a small correction and continued to grow. The price continued to rise and tried to break through the resistance at level 1.2300, but could not gain a foothold above and fell to the trend line. Re-tested the trend line, the British Pound continued to move uphill, broke through the resistance level and entrenched over it. Currently, the price has tested current support that coincide with the trend line and has risen. It seems to me that the British Pound can continue to move up and reach the resistance zone. Therefore, the target will be set at 1.2450. If you like my analytics you can support me with your like/comment ❤️
Comments
JoeChampion
Makes sense, especially when it comes to USD weakness!
basictradingtv
awesome work as always, thanks!
MonoCoinSignal
Thanks for the informative analysis.
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