British Pound / U.S. Dollar
Short
Updated

GBP/USD Bearish Trade Setup with Key Technical Levels

169
The price is currently trending downward, showing bearish momentum after a recent rejection from a significant resistance area.

The entry point is set at 1.27395, a key level that has acted as a confluence zone in previous price action.

The first take profit target is at 1.26700, a level that aligns with historical price congestion and provides a logical exit for short-term profit.

The second take profit target is at 1.26100, which aligns with the 50% Fibonacci retracement level, offering an extended profit target for potential continued downside movement.

Monitor for any reversal signals or strong bullish candles that might invalidate the bearish setup.
Trade closed: target reached

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