GBPUSD | BREAKING DOWN?
GBPUSD has been trending upwards for quite sometime since hitting what seemed to be rock bottom. But that movement could be coming to an end as we hit resistence levels and are starting to paint a Head and Shoulders pattern. This often indicates in a change of direction, though we believe it'll most likely find support at the stated ZONE of interest, a nice short to potentially follow with a BUY later on.
Trade closed manually
Potential turn around here, so closing out manually. New Analysis to come!
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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.