British Pound can break support level and fall to 0.8520

Hello traders, I want share with you my opinion about British Pound. Observing the chart, we can see that the price some day ago bounced from the buyer zone, which coincide with the 0.8555 support level and reached the 0.8655 resistance level, but then it started to fall and entered to the downward channel. Inside the channel, EURGBP declined a lower 0.8555 support level to the support line of the triangle, and then it rebounded up to the resistance line, thereby breaking the 0.8655 resistance level, which coincides with the seller zone. But soon, the price bounced down and fell back to the support line, which coincided this moment with the buyer zone and 0.8555 support level. After this movement, the British pound rolled up to the resistance line, made a fake breakout of this line, and reached the 0.8655 resistance level. But a not long time ago price fell back to the support line and even broke it and now the British Pound trades near the 0.8555 support level. In my mind, EURGBP can decline to support level and try to break it. If the price breaks this level, it can make retest and continue to fall. For this reason, I set up my target at 0.8520. Please share this idea with your friends and click Boost 🚀