GBPUSD 01 03 2021
The price started to drop from the strong resistance zone 1.418. This zone consists of two lines, one of which appeared in AUG 2018, and the other in 2013! The price collapsed from these two lines at the beginning of last week and is now in the process of a slight correction, however, we expect that after its completion it will continue to fall, as the resistance zone is very strong.
The price will fall and touch the support zone 1.376.
This line was also formed in 2018 and its chill will be enough to stop the fall and reverse the price. Thus, my final target is the resistance line at 1.415.
fingers crossed
The price started to drop from the strong resistance zone 1.418. This zone consists of two lines, one of which appeared in AUG 2018, and the other in 2013! The price collapsed from these two lines at the beginning of last week and is now in the process of a slight correction, however, we expect that after its completion it will continue to fall, as the resistance zone is very strong.
The price will fall and touch the support zone 1.376.
This line was also formed in 2018 and its chill will be enough to stop the fall and reverse the price. Thus, my final target is the resistance line at 1.415.
fingers crossed