Lingrid | GBPUSD Channel Breakout. Short from RESISTANCE zone
GBPUSD has broken out of upward channel and is likely to pull back to retest it. The market was previously ranging, then broke through the support level, creating a strong bearish momentum. The price has been repeatedly rejected from this resistance zone around 1.2700, forming fakeouts and long-tailed bars. I expect the market to retest this resistance zone and then roll back towards the support level from the channel border. My goal is to support level at 1.25800Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad 👩💻
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