ForexWizard01

GBPUSD trading plan for next week

Short
FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD has been rejected from the weekly GAP level and has created a lower high under the weekly gap level.
at the same time, this instrument has just broken the daily resistance line @ 1.3902 and close below.

therefore, the swing high of down trending market is still valid and it is possible that this instrument may create a lower low and a possible short target can be @ 1.3643 as this is the neck line of double bottom formation
of an upward move.

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