British Pound can bounce from resistance line and go down
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Today, I want to talk to you about the GBP/USD chart.
In the graph, we can see how the price formed the upward channel.
The price is now above the resistance line, but can still return inside the ascending channel.
The price can return to the channel and start to decline.
In my opinion, the price may fall and reach the support line.
In this case, I set 2 targets.
The first target I see is at level 1.1650, two the target is at level 1.1500, which coincide with the support line.
This is my opinion, I really hope it will be useful for you.
Make big profits!
Today, I want to talk to you about the GBP/USD chart.
In the graph, we can see how the price formed the upward channel.
The price is now above the resistance line, but can still return inside the ascending channel.
The price can return to the channel and start to decline.
In my opinion, the price may fall and reach the support line.
In this case, I set 2 targets.
The first target I see is at level 1.1650, two the target is at level 1.1500, which coincide with the support line.
This is my opinion, I really hope it will be useful for you.
Make big profits!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.