FirstNameHelen

HelenP. I After breaking trend line, GBP can continue to rise

Long
FX:EURGBP   Euro Fx/Funt Brytyjski
Hi folks today I'm prepared for you British Pound analytics. A short time ago price declined to resistance 1, but at once rebounded and started to move up to resistance 2, which coincided with the resistance zone. EURGBP at once rebounded from this level and fell below, but soon it bounced back and even entered to resistance zone, where it reached the trend line. After this, the price started to decline and in a short time, it broke resistance 2 and fell to resistance 1 level. Later British Pound broke this level too and declined to the 0.8555 support level, which coincided with the support zone. But a not long time ago it rebounded from this level to the trend line and broke it. Now price trades near the support zone and I expect that the British Pound can make a retest of the trend line and then rebound up. That's why I set up my target at the 0.8620 level. If you like my analytics you may support me with your like/comment ❤️

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