Lingrid

GBPUSD BREAK and FIX - next step FALLING

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FX:GBPUSD   英鎊 / 美元
In September, the price began to form a small upward channel. And over the past months, she moved in it regularly touching both borders.


The upper border of this channel is a strong resistance line that has existed on the chart since 2019.


Last week the price managed to break through it and rise to the resistance level. But then she falls back into the channel.
Now we see that the price has touched the line again, has minimally gone beyond it, and today it has returned exactly to it, thereby gaining a foothold.

I expect that after such breakouts, the price will finally fall from the strong resistance line. The target is a support zone at the intersection of two lines.

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

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