RLinda

RLinda ! GBPUSD-> False breakdown or keep falling?

Long
FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD price is testing the global lows. On the chart we see a formed price channel and a retest of the support zone. What's next?
The global situation is developing as follows: we see the formation of a "descending wedge" pattern at a breakdown of which we may see an uptrend, but this is the development of the situation in the long term. Now we should pay attention to the level of 1.145
I assume that a false break-down of the support level 1.145 (global level) may be formed now, and after the price consolidates above the level (actual fixation in the long zone), we may see the growth. The short-term target is resistance at 1.1600, the medium-term target is resistance at 1.1760.

Regards to R. Linda!

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