GBPUSD ! Countertrend pullback to resistance. Falling down🤑

GBPUSD continues to fall, yesterday the price updated local lows after testing the resistance of 1.19330. On the chart, we see an emerging rollback, which is directed towards the nearest resistance level formed on July 6th.

We see that the currency pair has accelerated its fall by breaking through the downward channel to the bottom, a number of economic news also affect the price, the national currency continues to weaken.

I assume that the rollback may end in the zone of 1.18780 and after testing (rebound or false breakdown), the price will start falling again. Short-term target - liquidity zone below 1.17000

Sincerely, R. Linda!