GBPUSD can bounce resistance line and drop to support
Hello my friends, today I want to talk to you about GBP/USD.
The price formed an ascending wedge and moves inside this wedge.
The price is now trading below the resistance line, but can retest it.
After a possible retest of the resistance line, the price can begin to decline.
I expect the price can go up to the resistance line, test it, then bounce back and drop to the support line.
I see our goal at the level of 1.1630, which coincide with the support line.
I expect such a scenario.
This is an article, not financial advice, always do your own research.
If you still have questions, you can write it in the comments below and I will answer them.
And please don't forget to support this idea with your like and comment, thanks.
The price formed an ascending wedge and moves inside this wedge.
The price is now trading below the resistance line, but can retest it.
After a possible retest of the resistance line, the price can begin to decline.
I expect the price can go up to the resistance line, test it, then bounce back and drop to the support line.
I see our goal at the level of 1.1630, which coincide with the support line.
I expect such a scenario.
This is an article, not financial advice, always do your own research.
If you still have questions, you can write it in the comments below and I will answer them.
And please don't forget to support this idea with your like and comment, thanks.