GBPUSD touches support and grows to resistance
In February, the price bounced off the strong support at 1.359.
The push force was enough for the price to break it having come to the resistance at 1.406.
However, the breakout turned out to be false.
After a false breakout of resistance, the price returned to the channel.
She is now in the support area.
I expect the price to be:
- will drop to support 1.378.
- will rise to resistance.
The target is 1.417.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
The push force was enough for the price to break it having come to the resistance at 1.406.
However, the breakout turned out to be false.
After a false breakout of resistance, the price returned to the channel.
She is now in the support area.
I expect the price to be:
- will drop to support 1.378.
- will rise to resistance.
The target is 1.417.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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