GBPUSD has entered a nice strong supply zone on daily timeframe. If Price can hold and get rejected we can see nice move to the downside 1.21-1.19. This is a 500-700 pip potential. Draw trendline and wait for confirmation of reversal
Komen
piptamil
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Thanks for analysis
sglwealth
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@piptamil, no problem. Just wait for reversal confirmation before getting in for a sell. Price could possibly break that zone and scale up to 1.29 but a i expect a big down move otherwise. Good luck