GBPUSD fall from strong resistance

12 янв. 2021 г.

At the beginning of last autumn, the price bounced off the support line (the lower line of the rising channel) 1.267 and began to grow.
Continuing two-downs in the upward channel, it came to the strong resistance zone 1.361.

The larger TF shows how strong the zone is.
It is formed by the resistance line of the rising channel (2016) and the resistance line from 2010.
Having touched the strong resistance zone of 1.361, the price reversed and began to fall.
I expect it to fall towards the support line (the lower line of the ascending channel).
The target is 1.273.

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