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The British Pound can go either way in the short term and both ways are covered in the image below. If we break the resistance line, there is a chance to reach the designated zone, but if we go down, I assume that the trend line will be breached and will stop at the designated support. We can also adopt a scenario for an alternative further decline, which may reach a price of around 1.3320, but until we break yesterday’s support, I do not assume a continuation. However, if we get closer to yesterday’s support, there is a good chance of a breakthrough because several attempts to breach a certain level usually turn out to be strong enough that the level is finally broken.
