Short

HelenP. I British Pound can make fake breakout and bounce down

Hi folks today I'm prepared for you British Pound analytics. A not long time ago price traded close resistance level which coincide with the resistance zone, and later it bounced up to the trend line and started to decline close to this line. When the price declined, it broke the resistance level with the zone and fell to the support level, which coincide with the support zone too, and declined below them. Also recently price rose to the trend line and even made a fake breakout, but now it trades below the trend line. In my mind, British Pound can rise a little higher of the trend line again, and then start to decline to the support level. As well, the price can break this level, make a retest and maybe fall below the support zone. For this case, I set the target at 0.8530 level. If you like my analytics you may support me with your like/comment ❤️

FirstNameHelen

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