GBPUSD - Price can bounce down from resistance area to $1.2000
Hi guys, this is my overview for GBPUSD, feel free to check it and write your feedback in comments👊
Some days ago price started to trades inside flat, in which it fell to $1.2620 resistance level, but at once bounced up.
Price tried to rise, but failed and started to decline and in a short time, it fell below $1.2620 level, thereby exiting from flat.
Also, British Pound later entered a falling channel, where price declined until the support line, breaking $1.2620 and $1.2265 levels.
Then, price bounced from this line and rose to $1.2265 level, but recently it declined and now GBP trades near resistance area.
I think that British Pound can rise to resistance area and then it bounce down to $1.2000 support line of falling channel.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Some days ago price started to trades inside flat, in which it fell to $1.2620 resistance level, but at once bounced up.
Price tried to rise, but failed and started to decline and in a short time, it fell below $1.2620 level, thereby exiting from flat.
Also, British Pound later entered a falling channel, where price declined until the support line, breaking $1.2620 and $1.2265 levels.
Then, price bounced from this line and rose to $1.2265 level, but recently it declined and now GBP trades near resistance area.
I think that British Pound can rise to resistance area and then it bounce down to $1.2000 support line of falling channel.
If this post is useful to you, you can support me with like/boost and advice in comments❤️