Lingrid

GBPUSD touch RESISTANCE line and FALL

Short
FX:GBPUSD   British Pound / U.S. Dollar
Throughout the fall and the first month of winter, the price moves in an upward trend. At first, the growth was based on the support line 1.287, but after the price bounced off it for the last time, it was able to break through the support line at 1.317 and rise above it.

Now the price is moving between this support line and the resistance zone. The zone is formed by two lines, one of which began to form on the chart in 2018 and the second in 2010.

The last time the price touched the line at the end of last week around 1.359 and began to fall, but eventually began to grow in a corrective movement. I take this as a good sign for a future fall, as in this way the price will consolidate in the zone.

I expect that the first thing the price will complete the movement and touch the resistance line 1.360 and then fall to the support line. Thus, the final target that I expect is the support line 1.335.

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

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