British Pound bounce back from support level and can to rise

Hello traders, I want share with you my opinion about British Pound. Watching with the chart, we can see how the price from the level 1.2275 formed an upward impulse and broke through the resistance level 1.2400. After a small correction, the price formed the next impulse, tested the resistance zone and rebounded. For a long time, the British pound declined and broke through the current support level. After re-testing the support level, the price began to move up and created an upward channel. The price made a small correction, continued to rise and reached the resistance area which coincide with the resistance of the channel. After retesting the resistance area, the price fell, broke through the support line of channel, and declined to support level 1. 2400. The price is currently trading above the support level and can continue to rise. I expect the price can to reach the current resistance line. So, I decided to set the targets at level 1.2440 and at level 1.2480, which coincide with the resistance line. Please share this idea with your friends and click Boost 🚀