GBP/USD | SHORT | DECENDING CHANNEL
GBP/USD: Technical Outlook
We have observed three consecutive lower highs and lower lows in the decending channel
Sellers will remain in control below the last lower high at 1.25138
If the last lower low at 1.25138 breaks then we can expect a reversal
Trade Plan
Stop Loss: 1.25138
Entry Level: 1.24795
TP 1: 1.24452
TP 2: 1.24109
We have observed three consecutive lower highs and lower lows in the decending channel
Sellers will remain in control below the last lower high at 1.25138
If the last lower low at 1.25138 breaks then we can expect a reversal
Trade Plan
Stop Loss: 1.25138
Entry Level: 1.24795
TP 1: 1.24452
TP 2: 1.24109
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