FirstNameHelen

HelenP. I GBPUSD after retest support may continue to move up

Long
FX:GBPUSD   British Pound / U.S. Dollar
Hi folks today I'm prepared for you BRITISH POUND analytics. At the beginning of the month, the British Pound re-tested the support zone 1.2300-1.2275 and continued the uptrend. The price formed a large upward impulse and almost reached resistance at level1.2545. The British Pound made a profound correction, continued to grow, and tested resistance. Then the price fell to the trend line from which started to grow and created an upward channel in which it trades for a long time. The British Pound rose to resistance of channel, rebounded and fell to the trend line. The price began to rise, broke through the resistance of the channel and the level of 1.2545 and continued to move. The British Pound is currently trading above current support, but could to decline and test it. I hope that the uptrend may continue, so the target for the British Pound will be set at level 1.2600. If you like my analytics you may support me with your like/comment ❤️

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