HelenP. I GBP can fall to support zone, where it turns around

23 mar

Hi folks today I'm prepared for you British Pound analytics. A few moments ago, the price rebounded from support 1 and made a strong impulse down to the trend line, breaking support 2, which coincided with the support zone. Also then, GBP started to trades in a triangle, where it turned around from the trend line and in a short time rose to support 2, broke it, and continued to move up. Soon, the price reached support 1, but at once rebounded, and some time traded below this level until it reached the trend line, and then GBP made a fake breakout of this line, after which the price made impulse up, breaking support 1, which coincided with one more support zone. Then the price rose to 0.8600 points, after which turned around and started to decline, and at the moment, the British Pound trades near the support zone. For this reason, I expect that the EURGBP will decline to a support level, after which the price will turn around and start to move up. Therefore I set my target at the 0.8585 level. If you like my analytics you may support me with your like/comment ❤️