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DeGRAM
Apr 15, 2024 10:51 AM

DeGRAM | GBPUSD rebound from support Long

British Pound/U.S. DollarFXCM

Description

GBPUSD continues to move in the descending channel after rebounding from the support level.

The chart formed a bullish takeover near the support level.

The fall that occurred after the formation of two tops reached the level coinciding with the fibbonacci retracement level.

We expect a rebound to the retracement level after retesting the nearest support level.


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Comments
DeGRAM
Good luck in the markets and have a great trading week!
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