FirstNameHelen

HelenP. I British Pound can continue to decline to $0.8600

Short
FX:EURGBP   Euro / British Pound
Hi folks today I'm prepared for you British Pound analytics. A few time ago price bounced from the trend line and made a strong upward impulse to 0.8630 points, thereby breaking the 0.8575 support level. After this movement price made a correction to this level, which coincided with the support zone, and then repeated impulse to the 0.8675 resistance level, which coincided with the resistance zone too. Also, the British Pound entered to wedge, where it broke the 0.8675 resistance level and rose higher, but soon it rebounded below. The price tried to back up but failed and made an impulse down to trend lime, which coincided with the support line of the wedge. As well soon price made a fake breakout from this line, but failed and rose higher. But recently finally broke this line and now British Pound trades near. For my mind, the price can make a movement up, higher of the trend line, and then continue to decline. That's why I set my target at the 0.8600 level. If you like my analytics you may support me with your like/comment ❤️

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