Lingrid

GBPUSD left strong RESISTANCE zone. Next - FALL

Short
FX:GBPUSD   British Pound / U.S. Dollar
In May last year, the price touched the 1.206 support line and began to move in an upward trend. However, in mid-December, it came to the strong resistance zone 1.359.

And for the last month, the price has been moving between this zone and the support line, without breaking through either one or the other. The zone is formed by two strong lines, one of which was formed in 2008, and the second, a little younger, in 2018. Together they give very strong resistance, so I very much doubt that now the price will be able to break through the support zone.

In addition, the price has already dropped beyond the resistance line 1.358 and this is also a reason to expect an imminent fall. Thus, I expect the price to fall from the resistance zone towards the 1.325 support line. This is our goal.

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

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