RLinda

GBPUSD ! False breakdown of range resistance. Falling down

Kort
FX:GBPUSD   Brittiska pund/Amerikanska dollar
GBPUSD is in a downtrend. The price movement is formed by descending steps, which is a strong price movement pattern. The resistance levels work out very confidently. The price is trading in a local range between 1.2595 and 1.24774. After the rollback of resistance, a false breakout was made and the price is consolidating under the resistance zone

I expect the price to fall from the resistance zone, after fixing the price under the zone. Short-term target - support 1.2474

Sincerely, R. Linda!

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