British Pound trades in triangle and can fall to support area

Hello traders, I want share with you my opinion about British Pound. Looking at the chart, we can see how the price from the support area 1.2370-1.2350 started an upward movement and broke through the level 1.2400. The British Pound made a small correction, re-tested the current support level and continued to rise. The price reached the level 1.2545, formed a resistance area and ended the upward movement. The British Pound began to decline and over time created a downward triangle. Not long ago, the price bounced off the support area and rose to the resistance line of the triangle, re-tested it and decreased. Now the price is below the resistance line and can continue to fall. I think that the British Pound can still continue the downward movement and break through the current support level. In this case, I decided to set targets at the support level 1.2400 and in the zone 1.2370-1.2350. Please share this idea with your friends and click Boost 🚀