Lingrid

GBPUSD touches RESISTANCE zone and FALL

Short
FOREXCOM:GBPUSD   British Pound / U.S. Dollar
During a long uptrend that began in September 2020, the price came to a small resistance zone at 1.368. The price touched this zone at the intersection of the zone and the resistance line guiding the trend movement.

The first touch occurred in early January and for the last three weeks the zone has been holding back the price growth every time it reverses to a fall and does not allow it to reach the resistance trend line .

The last time the price touched the zone at the end of last week and fell from point 1.368 to the support trendline 1.352. Then she took advantage of the support and again rose to the resistance zone .

I am confident that now the price will complete the movement and touch the zone around 1.352, after which it will fall again and return to the support line. So the final target I expect is the 1.357 support line.

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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Comments

its not sell, its buy... already i said it every day and you dont understand...not only you and the others analysists
+1 Reply
Nice chart. Clean and clear
+1 Reply
Lingrid Akinamasaya
@Akinamasaya, 🥰
Reply
Breakout the resistance area . now retesting.. it will fly till 1.38..
Reply
Always fake and random..
Reply
i said )))
Reply
yeah, I am bearish too! the fakeout makes me believe that it will fall to the support!
Reply
A good choice for this situation
Reply
Lingrid DeGRAM
@DeGRAM, thank you so much)
Reply
so far so good. even the push over 1.310 today could no sustain. Let's what the US sessions does.
Reply
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