#GBPUSD 12 04 2021
The price is again not weak from the main support line on the chart, which has existed since May 2020. Let me remind you that after the price touched this line last time - in November last year at point 1.285 - active growth began. This growth stopped only in February this year, the strong resistance zone 1.417, where the lines of 2018 and 2013 intersect. After the reversal near this zone, the price fell and broke first the resistance line of January 2019 at 1.383, and then the resistance line of April 2020 at 1372. And now I expect that the price will continue to fall and first of all will touch the strong support at 1.360. Then it will turn around and start a new growth. During which it will return to the resistance line 1.376. This will be our goal.
The price is again not weak from the main support line on the chart, which has existed since May 2020. Let me remind you that after the price touched this line last time - in November last year at point 1.285 - active growth began. This growth stopped only in February this year, the strong resistance zone 1.417, where the lines of 2018 and 2013 intersect. After the reversal near this zone, the price fell and broke first the resistance line of January 2019 at 1.383, and then the resistance line of April 2020 at 1372. And now I expect that the price will continue to fall and first of all will touch the strong support at 1.360. Then it will turn around and start a new growth. During which it will return to the resistance line 1.376. This will be our goal.