Good afternoon, dear colleagues!
And let's look at the situation with such trading instruments with you like GBPUSD and BTCUSD.
</strong>The GBPUSD downtrend continues and now the pair is near the upper border of a small falling channel.
If the pound breaks the support level of 1.2286, then we can expect the price to go further down, approximately to the support level of 1.2176, which is located near the support line of the falling channel.
Unfortunately, Bitcoin was able to reach the support level of 7500 :). As we can see, now the price has broken through the resistance level of 8220 and, after a slight pullback, continued to move up.
I predict that the price will continue to rise to the level of 8750.
But before that, it is necessary that the price breaks through the resistance level of 8500.
And for today, dear friends, that’s it!
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Good trading to everyone and of course profit!