GBPUSD is in an ascending range. The currency pair is clearly observing the upward support line. Formation of a pattern, which is interpreted as "continuation of the trend"
The price pulls back from the high of 1.2153 and a "symmetrical triangle" is formed from the support line near the uptrend support area. I think that breakdown of the pattern resistance will allow to form an imulsion towards 1.2293
I assume that the price will continue rising in case we see a breakdown of the triangle resistance. It gives the potential to grow to 1.2293, and the next target is 1.2405.
But nobody can rule out a break-down of the pattern support, in which case the price might fall to 1.1933
Regards R.Linda!
The price pulls back from the high of 1.2153 and a "symmetrical triangle" is formed from the support line near the uptrend support area. I think that breakdown of the pattern resistance will allow to form an imulsion towards 1.2293
I assume that the price will continue rising in case we see a breakdown of the triangle resistance. It gives the potential to grow to 1.2293, and the next target is 1.2405.
But nobody can rule out a break-down of the pattern support, in which case the price might fall to 1.1933
Regards R.Linda!
🌹TRADING is a CASINO💔!?
NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel:
t.me/RLindaTrade
🔴Contact:
t.me/RLindaSignals
🧿Web: rlinda.com
NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel:
t.me/RLindaTrade
🔴Contact:
t.me/RLindaSignals
🧿Web: rlinda.com