GBPUSD What to expect?

5 בפבר׳ 2021

The price is preparing for an important breakout.
Since September 2020, the pair has been moving in a growing trend.
During this time, there were breakdowns of the main resistance and support lines.
However, all these breakouts turned out to be false.
The price continued to grow steadily.
In mid-January, for the first time this time, it came to the resistance line 1.373.
The last two weeks, the price has been moving between this line and the lower channel line (support).
The other day, it made a breakout of the support 1.363.
But today I returned to the channel again.
I regard this as a willingness to grow.
I expect the price to break the resistance line at 1.373.
Then it will continue to rise and reach the upper channel line (resistance).
The target is 1.392.

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