Lingrid

GBPUSD touch RESISTANCE line and FALL

Short
FOREXCOM:GBPUSD   British Pound / U.S. Dollar
The price movement becomes less intense, the fluctuations are less wide, as the price approaches the intersection of two main lines - support and resistance - that have been driving an uptrend over the past few months.

Additionally, the price movement is corrected by the support zone , which formed at the price highs. The first time the price touched this zone at point 1.361. And last week, after the price made a false breakout of the 1.359 support line, the price again entered the zone, broke it during the growth, rolled back and worked out a good fixation within it.

Now the price is in the support zone 1.364, the nearest trend line acts as additional support. Therefore, I expect that the price will continue to rise and come to the resistance line 1.376, and then fall to support 1.367.

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

Well done Lingrid, I have a similar view, I’m confident to see the price reaching also the next dynamic support 👌😁 good job
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Lingrid FXtrades-gp
@FXtrades-gp, 😉
Reply
I have a similar vision of the situation.

Also expecting a fall
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Lingrid DeGRAM
@DeGRAM, 🤗
Reply
+++ Top idea, agree.
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Lingrid Henry_Ross
@Henry_Ross, thank you)
Reply
Congratulations, the price has started your movement!
Reply
Lingrid Solldy
@Solldy, 😏
Reply
i respect this decision and appreciate you informing us about it friend
Reply
Lingrid TradingAlchemist
@TradingAlchemist, thanks so much)
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