Lingrid

GBPUSD STOP at RESISTANCE level and FALL

Short
FOREXCOM:GBPUSD   British Pound / U.S. Dollar
At the end of February, the price completed its global growth and came to a strong resistance zone around the level of 1.398. Up to this point, it has grown almost non-stop along the line of support since September 2020. In February, the price broke through the support 1.372, and after that it tried to break through the resistance level. However, the breakout turned out to be false and the price returned to its limits.

Over the past few weeks, the price has been moving around the resistance level of 1.398, touching it regularly and bouncing. Right now, it is just at the level and I expect the price to fall to the support zone of 1.371 this time. 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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