#GBPUSD
#GBPUSD 19 04 2021
After the price came to the resistance zone 1.417, formed at the intersection of the 2018 and 2013 lines, at the end of February, it fell. During the fall, the price formed a downtrend. Falling in this trend, the price was able to break through the resistance line of December 2018 at 1.384. Then it dropped to the support trend line 1.369. The price pushed off from this line into a new growth. In the course of this growth, it was able to break through and consolidate on the April 2020 support line of 1.375. Then she showed good growth. Now the price is near the 1.388 resistance zone where the January 2021 trend line and the December 2018 resistance line intersect. I expect the price to touch this zone first and then start to fall. It will break through the 1.377 support line and go down to the 1.369 support line. This will be our goal.
#GBPUSD 19 04 2021
After the price came to the resistance zone 1.417, formed at the intersection of the 2018 and 2013 lines, at the end of February, it fell. During the fall, the price formed a downtrend. Falling in this trend, the price was able to break through the resistance line of December 2018 at 1.384. Then it dropped to the support trend line 1.369. The price pushed off from this line into a new growth. In the course of this growth, it was able to break through and consolidate on the April 2020 support line of 1.375. Then she showed good growth. Now the price is near the 1.388 resistance zone where the January 2021 trend line and the December 2018 resistance line intersect. I expect the price to touch this zone first and then start to fall. It will break through the 1.377 support line and go down to the 1.369 support line. This will be our goal.