GBPUSD ! Breakdown and rollback to resistance. Falling down 🥶

GBPUSD continues to trade in a downtrend. Earlier, the channel was broken down and the price rolled back to the resistance of 1.2260, where there was a struggle between market participants. For now, the bear market continues to dominate.

The chart shows that after the bears win, a downward impulse is formed and the price breaks through the local minimum of May 15 at 1.21700 and is currently forming a rollback.

I expect the price to fall from resistance 1.21700, as the trend is down and resistance levels play a more important role than support. Target - liquidity zone under the level of 1.1905

Sincerely, R. Linda!

Trade chiuso: obiettivo raggiunto:

+220 pips. Target reached 🤩✅✅🤩