British Pound can bounce of support level and continue to rise
Hello my friends, today I want to talk to you about GBPUSD.
I made a few conclusions about British Pound.
At the moment price trades inside of the triangle.
I expect that price can fall to support level which is located at 1.1400
Then British Pound can bounce of the support level and start rise to my first target which is located at $1.1600.
After this, I think price can continue to move up and break resistance line.
Therefore I set second target at $1.1750 level.
I expect such a scenario.
This is an article not financial advice, always do your own research
If you still have questions, you can write it in the comments below and I will answer them.
And please don't forget to support this idea with your like and comment, thanks.
I made a few conclusions about British Pound.
At the moment price trades inside of the triangle.
I expect that price can fall to support level which is located at 1.1400
Then British Pound can bounce of the support level and start rise to my first target which is located at $1.1600.
After this, I think price can continue to move up and break resistance line.
Therefore I set second target at $1.1750 level.
I expect such a scenario.
This is an article not financial advice, always do your own research
If you still have questions, you can write it in the comments below and I will answer them.
And please don't forget to support this idea with your like and comment, thanks.
