Lingrid

GBPUSD GROWTH from strong SUPPORT zone

Long
FOREXCOM:GBPUSD   British Pound / U.S. Dollar
In September last year, the price touched the 1.265 support line and since then has been growing along it without even attempting breakouts. During the growth from the line, the price broke through the support zone 1.374. Then it came to the resistance level 1.421, where it stopped and reversed in the fall.

However, now the price is again at the strong support zone and I expect that the first thing it will touch this zone at the point 1.372. This zone is formed at the intersection of the September 2020, August 2016 and April 2010 support lines! Therefore, I expect the price to rise again from it to the resistance of 1.421. This will be 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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