#GBPUSD 05 04 2021
During the rally in an uptrend that began in May last year, the price was able to break through several strong and important lines on the chart. First, this is the 1.341 support line from April 2020, then the 1.376 resistance line from January 2019. After the breakdown of this line, the price reached its local maximum - resistance zone 1.418. In this zone, the lines of 2018 and 2013 intersect and from it the price began to fall. After breaking through the resistance at 1.384, the price stopped to the support line at 1.367 and fixed two times on these lines. Now it is at the resistance line 1.385 and I expect a fall. The price will break through the nearest support and fall to the support trend line 1.357. This will be our goal.
During the rally in an uptrend that began in May last year, the price was able to break through several strong and important lines on the chart. First, this is the 1.341 support line from April 2020, then the 1.376 resistance line from January 2019. After the breakdown of this line, the price reached its local maximum - resistance zone 1.418. In this zone, the lines of 2018 and 2013 intersect and from it the price began to fall. After breaking through the resistance at 1.384, the price stopped to the support line at 1.367 and fixed two times on these lines. Now it is at the resistance line 1.385 and I expect a fall. The price will break through the nearest support and fall to the support trend line 1.357. This will be our goal.