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GBP/USD: Broken support, what's next?

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Paun British / Dolar A.S. (FX:GBPUSD)  
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FX:GBPUSD   Paun British / Dolar A.S.
Trend Analysis Chart Patterns GBP USD GBPUSD short Bearish Patterns SELL chart pattern
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trendanalysis chartpattern gbp usd gbpusd short bearish sell chart pattern
The pair broke its nice curve which was supported multiple times, as shown in my chart.

With GBP being weak this morning and USD strong, I am selling the pair and will target the first fibo level area.

I will wait for a pullback to enter since the pair is already down 45 pips. I will enter at a 50 or 61.8 retracement (pink fibo) from the top.

Trade at your own risk

Komen:
Komen:
Komen:
Even though the pair has broken its curve, I believe today and probably tomorrow could be an opportunity to trade the pullback. The idea is to buy at these levels, assuming we've reached a bottom, until 50-61.8% fib retracement. As you can see, there is a high level of interest at these levels so we could see in the next hours a re-test before going back down again.

Trade at your own risk.

snapshot

snapshot
Dagangan ditutup: sasaran tercapai

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