RLinda

GBPUSD ! Pound in range. Rollback from support

Long
FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD continues to trade in a downtrend, which continues steadily from 1.36000. The price repeatedly tested the resistance zone for the possibility of a breakdown and the price going up, but the limit zone 1.26000 did not allow it. The price works out the resistance and falls, breaking through all the support levels on its way.

I guess since the price is in the range of 1.25950-1.22600 and the price, having tested the resistance, falls to the support, I expect a pullback from the support level. Short-term target is the nearest resistance level 1.23847

Sincerely, R. Linda!

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