GBPUSD has been trending down since the start of the July and we can look to get short on retests of the 1.3524-1.3539 area which has acted previously as support and hasn't been retested since we broke down
This area also ties in with the 38.2% retracement from the highs
Stops need to be above 1.3550
Targets can be initially to 1.3450-134.65 with potential to move back to 1.3368-1.3383 and maybe even lower
This area also ties in with the 38.2% retracement from the highs
Stops need to be above 1.3550
Targets can be initially to 1.3450-134.65 with potential to move back to 1.3368-1.3383 and maybe even 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.