GBPUSD will fall after short growth

Blue Group Pro LTD
1 min readDec 15, 2020

The price collapsed in March during the first wave of Covid 19.
Then it was able to grow and fell into the ascending channel .
This channel is also crossed by another older upstream channel.
During the growth, the price came to the resistance zone: the borders of the resistance of the two channels + the strong resistance line of 2008.

The price fell from the resistance zone (intersection of the channel line and the line of 2008) 1.357.
However, it worked out several corrections.
In my opinion, the price will make another correction, return to the resistance line 1.356.
Then will fall to the support line (lower channel line)
The target is 1.314.

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Blue Group Pro LTD
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Blue Group Ltd was created on October 9, 2020, as a unique multi-exchange cryptocurrency broker. The company is officially registered in the UK.