GBPUSD will fall after short growth
The price collapsed in March during the first wave of Covid 19.
Then it was able to grow and fell into the ascending channel.
This channel is also crossed by another older upstream channel.
During the growth, the price came to the resistance zone: the borders of the resistance of the two channels + the strong resistance line of 2008.
The price fell from the resistance zone (intersection of the channel line and the line of 2008) 1.357.
However, it worked out several corrections.
In my opinion, the price will make another correction, return to the resistance line 1.356.
Then will fall to the support line (lower channel line)
The target is 1.314.
--------------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
Then it was able to grow and fell into the ascending channel.
This channel is also crossed by another older upstream channel.
During the growth, the price came to the resistance zone: the borders of the resistance of the two channels + the strong resistance line of 2008.
The price fell from the resistance zone (intersection of the channel line and the line of 2008) 1.357.
However, it worked out several corrections.
In my opinion, the price will make another correction, return to the resistance line 1.356.
Then will fall to the support line (lower channel line)
The target is 1.314.
--------------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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