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FKW-Millions

"Bearish Outlook: GBPUSD Descending Channel Analysis"

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
FKW-Millions  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Fundamental Analysis GBPUSD gbpusdforecast gbpusdanalysis gbpusdbuy gbpusdlong bearmarket longposition possiblereversal POSSIBLELONG
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trendanalysis chartpattern fundamental gbpusd gbpusdforecast gbpusdanalysis gbpusdbuy gbpusdlong bearmarket longposition possiblereversal possiblelong
GBPUSD is still in Descending channel - bearish market, expected to fall towards support near $1.23100 before making retracement from broken support around 1.26070 - where we are likely to get the best trades (bears).

Considering the broken ascending channel on the Daily TF plus the small ascending channel on the lower 4H-1H time frames, this puts us in mind, it indicates more bears in the market.
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