Michael_Winner

GBPUSD can make retest of resistance line and start move down

Short
OANDA:GBPUSD   British Pound / U.S. Dollar
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Today we will look at the price of British Pound.
Not time ago price traded inside of rising wedge.
Then, British Pound broke old support line, and now trades close.
I expect that price can make retest of new resistance line and start move down.
Also, I think that price can break support level and continue to fall.
For this reason, I set up target at $1.1940 level.

I expect this scenario, so be prepared for the next moves.
Thank you for your time, we hope our work suits you and you are satisfied, we wish you a nice day and great profits
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