GBPUSD grow in channel

2021年1月28日

In October last year, the price came to the resistance level 1.317.
Then it dropped to support 1.301.
And after that she began to move in a strong growing channel.
At the same time, the price regularly broke through both lines.
The last false breakdown occurred in the first week of January.
After that, the price showed a more accurate movement.
Several days ago, it came to the resistance level 1.374.
Then she began to fall.
The fall is accompanied by strong corrections.
Now the price is close to the support 1.362.
I expect the price to touch a line in this area.
Then it will rise to resistance (the top of the channel line).
The target is 1.381.


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