GBPUSD first - fall, next - growth
The price has passed the first step towards the target that I set in the previous chart.
After the breakout, it rolled back to the support line 1.338.
Globally, the price has been in an upward channel since 2016
But the traffic was not constant in the channel.
The last channel breakdown occurred during the peak of the Covid-19 pandemic in March of this year.
But already in August, during the uptrend (channel), the price returned to the growing channel.
Recently, it approached the zone of intersection of the resistance lines of both channels - 1.357 and began to fall.
In my opinion, the price will first fall to the support line of the lower channel 1.311
Then it will rise to the resistance line. The target is 1.357.
--------------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
After the breakout, it rolled back to the support line 1.338.
Globally, the price has been in an upward channel since 2016
But the traffic was not constant in the channel.
The last channel breakdown occurred during the peak of the Covid-19 pandemic in March of this year.
But already in August, during the uptrend (channel), the price returned to the growing channel.
Recently, it approached the zone of intersection of the resistance lines of both channels - 1.357 and began to fall.
In my opinion, the price will first fall to the support line of the lower channel 1.311
Then it will rise to the resistance line. The target is 1.357.
--------------------------
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.