Short

GBP/USD: SHORT TERM ANALYSIS

Updated

We are currently in a bearish channel as you can see the trend had given off corrective wave patterns to perform downwards movement out of the waves previous structure, whereas the trend is now retracing possibly towards recurring previous structure levels. I suspect the trend to create another lower low in order to test below structure levels and to maintain the channels strength.

Trade active

Adding another short to 1.3330 if hit

Trade closed: target reached

Exogenous

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