Lingrid

GBPUSD correction, FIX on RESISTANCE line and FALL

Short
FX:GBPUSD   British Pound / U.S. Dollar
The price has been actively increasing since April 2020. At the same time, of course, there were collapses, but in general, the upward trend has been preserved all this time. The basis of the growth is the support line, also formed in April. During the growth, the price was also able to break through the 1.340 support line, which had previously been a correction zone for the price.

After the breakdown of this line, the price rose to the resistance of 1.375, made a breakdown, but having bounced off the older resistance at 1.416, it dropped again. It stopped at the support 1.366 and worked out a perfect correction, consolidating at the resistance line 1.382. After this commit, I expect the fall to continue. So my final target is the 1.360 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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