British Pound can correct to support line and then start to grow

Hello traders, I want share with you my opinion about British Pound. By observing the chart, we can see that the price some time ago rebounded from the support line and made an upward impulse to 0.8765 points, thereby breaking the 0.8700 resistance level, which coincided with the seller zone. After this, the price rose a little more and then started to decline in a downward channel, where it in a short time fell to the 0.8700 level. EURGBP tried to rise, but failed and declined lower than 0.8700 level, breaking it again. After the breakout, the price some time traded near this level and then continued to move down to 0.8620 current resistance level. When the price fell to this level, it rebounded and tried to reach the resistacne line of the channel, but not long time ago British Pound around down and broke the 0.8620 level. Now it trades below and I think the price can decline to the support line and then rebound up to the resistance line of the downward channel, thereby breaking the resistance level. For this case, I set up my target at the 0.8635 level, which coincided with the support line. Please share this idea with your friends and click Boost 🚀