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RLinda ! GBPUSD-> resistance retest and false breakdown

1 009
The GBPUSD is currently unable to test the resistance formed by the previous high and the price is pushing away from the local descending resistance line. What's next?

RLinda ! GBPUSD-> Breakthrough upward. Target 1.24500


The currency pair forms a false breakout of the resistance area at 1.22700 and returns to the range. I expect in the near future techno-bounce for the retest of resistance before the further falling.
I think the pound will finish Friday with the slight decline to 1.21500.

I assume that the price can go down from the resistance level against the strengthening dollar. Short-term target for gbpusd is 1.21500, the mid-term target is the support of 1.20500.

Regards R.Linda!

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