GBPUSD testing resistance zone. / Next- fall

26 בנוב׳ 2020

As we said last time, the price got into a strong resistance zone.
And while still trying to break through it.

Why am I still convinced that the price will fail?
This is really a very strong zone, consisting of three resistance lines at once.
One of them - 2016, one of the oldest on the current chart
The second is 2019.

The third is the top line of the canal from spring 2020.

The day before yesterday we said that the price will break through the nearest lines but will not be able to break through the senior resistance line of 2016.
Today you can see how the price tried to do it.
Right now, it is exactly on the line at point 1.338.
I expect the resistance zone to stop growing.
The price will fall.
Target - support zone (also at the intersection of the line and level) 1.298.

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