Don't miss the great sell opportunity in GBPUSD

FX:GBPUSD   British Pound / U.S. Dollar
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.252). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. GBPUSD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 47.

Take Profits:
TP1= @ 1.2405
TP2= @ 1.2360
TP3= @ 1.2255

SL: Break Above R2
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thank you very much for your analysis!
+3 Reply
ForecastCity DenizKilicDeniz
@DenizKilicDeniz, You're welcome. 👍
+2 Reply
I totally agree with your idea. thanks for sharing it with us.
+2 Reply
@fxniki, Great. Thanks for your comment. 👍
+2 Reply
Very nice analysis, described briliant... Thank you for contribution
+1 Reply
@Calancea, You're welcome. we appreciate your support. 👍
+1 Reply
Nice analysis as usual
+1 Reply
@Kamryn, Thanks. do you have any idea for GBPUSD?
+1 Reply
Great analysis
+1 Reply
ForecastCity Kristalyn
@Kristalyn, thanks. we're glad you liked it.
+1 Reply
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