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FahimLatif

GBPUSD facing rejection

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
FahimLatif  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Wave Analysis GBPUSD USD GBP pound DJ FXCM Index DXY dollar Fibonacci wicks
3
0
trendanalysis chartpattern waveanalysis gbpusd usd gbp pound usdollar dxy dollar fibonacci wicks
Long wicks are indicating that GU is being rejected by the resistance level above the current price.
RSI shows a little divergency which is also valid to short the pair.
I'll personally target the 61.8 fib level, risking 50 Pips for a 160 pips reward.
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