GBPUSD ! Rollback to resistance. We continue to fall to support
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GBPUSD continues to fall. Against the backdrop of a strong bearish fall in price, there were practically no reactions to the levels. Today the price breaks through the level of 1.20227 and having a little short of a strong support, a rollback is formed.
Level 1.20227 on a downtrend plays the role of resistance and the price on the hourly timeframe is consolidating below the level after a false breakout.
I expect the price to fall after fixing below the level to a short-term target - the liquidity zone is below the support level of 1.19048
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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.