WalterMoon

GBPUSD - Price can bounce down of resistance line to $1.2590

Short
FX:GBPUSD   Funt Brytyjski/Dolar USA
Hi guys, this is my overview for GBPUSD, feel free to check it and write your feedback in comments👊

A few days ago price moved close to support line and later reached $1.2545 level, thereby breaking $1.2435

But at once British Pound bounced down and entered to rising channel, where price broke $1.2435 level again.

After channel, price made upward impulse higher of $1.2545 level, but soon fell below to support line.

Also, British Pound started trades inside from wedge, and the price recently broke a $1.2545 level again.

Now price continues trade in wedge and I think British Pound can make movement up to resistance line.

And then British Pound fell to $1.2590 level.

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