GBPUSD falling from resistance line
After falling in August-September 2020, the price is in a long (but rather volatile) uptrend.
Globally, it is influenced by two lines: January - support and a longer one - resistance.
However, the price formed a local weaker support line between them.
At the end of last week, she just bounced off her and went into growth.
Now the price has come to the resistance line.
This is a strong line (2019).
It is not unimportant that there is another resistance very close - the even stronger line of 2016.
Therefore, I expect that the last slight increase in price will end soon.
The price will reach the resistance line 1.334 and then fall to the local support line 1.317.
--------------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
Globally, it is influenced by two lines: January - support and a longer one - resistance.
However, the price formed a local weaker support line between them.
At the end of last week, she just bounced off her and went into growth.
Now the price has come to the resistance line.
This is a strong line (2019).
It is not unimportant that there is another resistance very close - the even stronger line of 2016.
Therefore, I expect that the last slight increase in price will end soon.
The price will reach the resistance line 1.334 and then fall to the local support line 1.317.
--------------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
🚀TOP 1 broker🚀
bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex
bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.