British Pound can exit of range and continue move down to 1.2580

Hello traders, I want share with you my opinion about British Pound. By observing the chart, we can see that the price a few moments ago declined inside the downward channel, in which it fell below the 1.2870 resistance level to support line of the channel. After this price rebounded from this line and made a strong upward impulse to 1.3000 point, thereby exiting from the downward channel, but at once started to decline and fell back to the resistance line. Next, the British Pound bounced up to the resistance level, which coincided with the seller zone, and soon rebounded down and entered to range. Inside range, the price fell to the 1.2655 support level, which coincided with the buyer zone, but soon bounced back and some time traded near this level. After the price fell to the bueyr zone again, it later rebounded and rose to the top part of the range, and a not long time ago British Pound rolled down of top part and fell back. But soon it rebounded from the buyer zone and at the moment British pound trades near the support level, and I think that the price can continue to move down to the support level and maybe the price can try to break it. After a breakout, the British Pound can make a retest and then continue to decline, thereby exiting from range. Therefore I set up my target at 1.2580. Please share this idea with your friends and click Boost 🚀