British Pound, after rise movement, can start decline to 1.2610Hello traders, I want share with you my opinion about British Pound. Looking at the chart, we can see how the price some days ago declined to the support line and at once rebounded up to the support level, which coincided with the buyer zone. In a short time, GBP broke this level and tried to rise higher, but failed and started to decline in a downward channel, where it declined to the support line, thereby breaking the 1.2610 support level. After this, the price rebounded from the support line of the channel and made a strong upward impulse to the resistance level, which coincided with the seller zone, breaking the 1.2610 level again and exiting from the downward channel. Also, GBP started to trades in the range, where it, after an upward impulse made a correction to the support level and then rose to the seller zone. But a not long time ago it declined back, making a fake breakout of 1.2790 and then rolled up. Now, the price continues to rise in range, and in my mind, the British Pound can one more little grow and then start to decline to a support level, which coincides with the bottom part of the range. For this case, I set my target at the 1.2610 support level. Please share this idea with your friends and click Boost 🚀
