Lingrid

GBPUSD reversal at strong RESISTANCE zone and FALL

Kort
FX:GBPUSD   Brittiska pund/Amerikanska dollar
The price continues to grow steadily. An additional incentive for him was the support line 1.374, which the price was able to break through in February this year. After the breakout, it worked out several corrections, fixed on the line and continued to grow. However, the price has now stopped at the strong resistance zone of 1.415.

This zone consists of two very strong lines. One of them appeared on the chart - in August 2018, the second was formed in March 2013! This strong resistance zone will stop the growth and I expect the price to drop from it to the support line 1.380. 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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