Analyzing GBPUSD

8 בפבר׳ 2022

The price of the British pound will fall against the dollar as shown in the chart. Therefore, it must be sold now. Because there is no price resistance until the red line. If the red line is broken, it will reach the penultimate line, and if the penultimate line is broken, it will go down to the last (yellow) line. As for the yellow risk, it is a very strong resistance that will not increase and if it is broken, the price will collapse.