TradePlus-Fx|GBPUSD: all is ahead

💬Description: Resistance level 1.22716 still keeps the GBPUSD currency pair from growing. The previously published medium-term trading idea for the pound reached its main goal at the level of 1.21166, another part of the trade was closed at the level with a partial profit. However, as we see, buyers managed to restore the price again towards the main resistance. Not long ago, a strong medium-term short signal was generated, namely a false breakout of the level 1.22716, which indicates to us continued sales.

Based on the volume analysis, we have a fairly impressive resource in the form of accumulated market long-positions, and all this will most likely be realized in the form of a downtrend impulse in the near future. The nearest support and confident target is at the level of 1.18730, but goals are looking for even lower.

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