British Pound can break support line of wedge and to decline

Hello traders, I want share with you my opinion about British Pound. Looking at the chart we can see how the British Pound recently traded inside the downward channel. The price created a support area 1.1825-1.1805 from which it made an upward impulse and broke through the resistance line of channel. We see how British Pound, after a deep correction, continue to move upwards and break through resistance levels 1 and 2. Over time, the price has formed an upward wedge and is currently trading inside. The price tested the resistance line of wedge and bounced. The price is now below the resistance line and can continue to fall and breakdown the support of wedge. I think that after breaking through the support line of wedge, the price can continue to go down. So the targets for British pound, I see at support level 1.2265 which coincide with support line of wedge and support level 1.2195. Please share this idea with your friends and click Boost 🚀