WalterMoon

GBPUSD - Price can break resistance line and continue to rise

Long
FX:GBPUSD   Livre sterling / Dollar américain
Hi guys, this is my overview for British Pound, feel free to check it and write your feedback in comments👊

After price bounced down from $1.2700 resistance level, which coincided with resistance area, it at once tried to back up.

When price reached $1.2700 level again, it bounced again and continued to decline until to $1.2550 level.

This level coincided with support line of wedge and resistance area, also then British Pound bounced and started to rise.

Price rose higher of $1.2700 level, but at once made downward impulse below this and $1.2550 levels, thereby breaking theirs.

At the moment price trades very close to resistance line of wedge and I think that British Pound can make small movement down.

Also then, price can bounce up to $1.2550 resistance level, exiting from wedge.

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