HelenP. I GBPUSD after small correction can continue to fall

Mar 25, 2023

Hi folks today I'm prepared for you BRITISH POUND analytics. For a long time, the British Pound moved in the downward trend, broke through the support zone 1.1940-1.1915 and formed a monthly low. After the tested level 1.1810 price began to rise and made an upward impulse that broke through the trend line. Next, price make a deep correction, continue to move up and created an ascending wedge. Recently, the price broke through the support line of wedge and was fixed below. It seems to me that after the weekend how will the market open, the price can make a small correction to current resistance, retest it and continue to fall. Therefore, the target for the British pound will be level 1.2130. If you like my analytics, you can support me with your like/comment ❤️