Good afternoon, dear colleagues!
And let’s take a closer look at the situation with such trading instrumentslike GBPUSD and BTCUSD.
GBPUSD
</strong>The falling trend for GBPUSD 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.
BTCUSD</p>
Unfortunately, Bitcoin was never able to reach the support level of 7500 :). As we see, the price has now broken through the resistance level of 8220 and, after a slight pullback, continued to move upward.
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 that’s all for today, dear friends!
Our Telegram channel: https://t.me/ForexTimesRU (@ForexTimesRU)
Good trading to everyone and of course profit!