British Pound can continue to decline in downward channel

Hello traders, I want share with you my opinion about British Pound. By observing the chart, we can see that the price not long time ago entered to range, in which it declined to the 1.2675 resistance level, which coincides with the seller zone. But at once, the price rebounded up to the top part of the range and then started to decline, and in a short time, the British Pound declined to a lower 1.2675 level, thereby breaking it and also exiting from the range. After this movement, the price tried to back up, but when it rose higher of the 1.2675 resistance level, it entered to downward channel, where the British Pound went back below and even continued to fall to the next level. When the price fell to the current resistance level, which coincides with the resistance zone and support line of the channel, it at once rebounded and rose to the resistance line, but recently British Pound bounced from this line and declined below 1.2445 level, thereby breaking it and also price made retest. Now I think that the British Pound can make a little movement up and then continue to fall to support line of a downward channel. That's why I set my target at the 1.2265 level. Please share this idea with your friends and click Boost 🚀