GBPAUD growth in channel
The last time I made a forecast for this pair was in October.
In two months, the price managed to rise and collapse to the support line.
After the price touched the resistance line 2.229 in August 2015, it fell.
And she was able to break through one of the resistance lines.
The fall was held back by the 1.585 support only in November 2016.
This line as well as the resistance line formed an upward channel in which the price moved from 2016 to 2020.
However, in February 2020, the price broke through the channel resistance.
Grew up, touched the resistance of 2.080 and fell back into the channel.
now the price has come to the support line 1.737.
I expect the price to rise to resistance (upper channel line) through a series of corrections.
The target is 1.950.
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In two months, the price managed to rise and collapse to the support line.
After the price touched the resistance line 2.229 in August 2015, it fell.
And she was able to break through one of the resistance lines.
The fall was held back by the 1.585 support only in November 2016.
This line as well as the resistance line formed an upward channel in which the price moved from 2016 to 2020.
However, in February 2020, the price broke through the channel resistance.
Grew up, touched the resistance of 2.080 and fell back into the channel.
now the price has come to the support line 1.737.
I expect the price to rise to resistance (upper channel line) through a series of corrections.
The target is 1.950.
------------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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