GBPUSD falling from strong resistance
The price came to a strong resistance zone at the intersection of three lines at once - 1.337.
Two of these lines are very long: one of them was formed in 2019, the second in 2016!
By themselves, they create strong resistance to stop the price rise.
But there is also another, younger line of resistance.
It is also the line of a small ascending channel (appeared in early summer 2020)
During the last movement (growth), the price has already managed to break through the next two resistance lines).
The probability that it will be able to break through the third is minimal.
I expect the price to fall from this resistance zone to the support zone (also at the intersection of the lines.
The target is 1.300
--------------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
Two of these lines are very long: one of them was formed in 2019, the second in 2016!
By themselves, they create strong resistance to stop the price rise.
But there is also another, younger line of resistance.
It is also the line of a small ascending channel (appeared in early summer 2020)
During the last movement (growth), the price has already managed to break through the next two resistance lines).
The probability that it will be able to break through the third is minimal.
I expect the price to fall from this resistance zone to the support zone (also at the intersection of the lines.
The target is 1.300
--------------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
🚀TOP 1 broker🚀
bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex
bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.