GBPUSD growth in two stages
The price continues to move in the channel as I said.
February 5 - the price pushed off from the support (the lower line of the growing channel).
Broke through the 2017 support line and continued to grow.
February 9 - the price rose to the upper line of the growing channel and reversed.
The price broke through the support line at 1.373 and rose to the resistance at 1.387.
The price dropped from this resistance and I expect that it:
- will touch support 1.372.
- will return to resistance.
The target is 1.392.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
February 5 - the price pushed off from the support (the lower line of the growing channel).
Broke through the 2017 support line and continued to grow.
February 9 - the price rose to the upper line of the growing channel and reversed.
The price broke through the support line at 1.373 and rose to the resistance at 1.387.
The price dropped from this resistance and I expect that it:
- will touch support 1.372.
- will return to resistance.
The target is 1.392.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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