GBPUSD has completed end ending diagonal and it is now bouncing after the initial drop.
Despite the sharp bounce the pair is stuck against resistance and soon a match larger decline will follow.
I am selling at market price 1.3370, with stops at the recent high 1.3530.
My target is at 1.2850
Although price may move much lower.
Despite the sharp bounce the pair is stuck against resistance and soon a match larger decline will follow.
I am selling at market price 1.3370, with stops at the recent high 1.3530.
My target is at 1.2850
Although price may move much lower.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.