WalterMoon

GBPUSD - Price can bounce down and break support level

FX:GBPUSD   영국 파운드/미국 달러
Hi guys, this is my overview for GBPUSD, feel free to check it and write your feedback in comments👊

When price reached $1.2680 point, it bounced down, entered to falling channel, in which where soon, price broke support level.

British Pound declined lower next support level with area, thereby leaving falling channel.

After this movements, price a few times later made strong upward impulse to resistance line.

Then British Pound made correction, thereby entering to wedge, in which price rose to resistance level and recently broke it.

Also a not long time ago, price exited from wedge and now trades close support line, but I think it can fall below this level.

As well, British Pound can maybe make retest and then continue to fall to $1.2550

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