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GBP/USD, could drop down to 1.27
British Pound / U.S. Dollar
Short
GBP/USD, could drop down to 1.27
By Yuriy_Bishko
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Updated
Jan 22, 2019
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Jan 22, 2019
I think British Pound will move down because price made such huge absorption.
It shows that buyers don't have enough power to move price rate up. Also, there is a lot of uncertainty about Brexit and voting.
Near 1.2890 will be that best place to open Sell.
Jan 22, 2019
Note
Near 1.2910 you can open Sell with low risk.
Jan 22, 2019
Trade closed manually
GBP/USD close above a key level
Close sell
Jan 22, 2019
Note
Price still can move down
I would wait when 1hour candle will close under 1.2911
Jan 22, 2019
Note
Sell after pullback
Jan 22, 2019
Trade active
britishpound
Chart Patterns
EURUSD
Forex
GBPUSD
gu
japaneseyen
Trend Analysis
Wave Analysis
Yuriy_Bishko
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