British Pound is trades in channel and can fall to support line

Hello traders, I want share with you my opinion about British Pound. Watching the chart, we can see how the price made a fake breakout of the buyer zone, after which it generated an upward impulse and increased to resistance level 1.2425. After a small correction, the price continued to rise and broke through the resistance level. Not so long ago, the price reached the level1.2525, changed its direction, began to decline and created a downward channel and is now trading inside it. We see the British Pound bounce off the support line of channel, rise to the current resistance level and retest it. The price is currently trading below the current resistance level 1.2425 and can continue to fall. I think that on Monday, after the market opens, the British Pound can continue to decline and reach the support line. In this case, I set the target for GBP/USD at level 1.2375, which coincide with the support line o channel. Please share this idea with your friends and click Boost 🚀