FXultan

History repeats itself, long-term analysis, bearish for GBPUSD

Short
FX:GBPUSD   British Pound / U.S. Dollar
In Jan 2018, GBPUSD has a double top at 1.43, break the higher low trend line , and then goes to a bearish market after that.

In Jun 2021, GBPUSD has a double top again below a similar area like 2018, at 1.425, and most likely goes to a bearish market again. Especially after the confirmation that the prices has break the higher low trend line .

My first target would be at .618 Fibonacci point, 1.333.
My second target would be at Pivot point , 1.292.

Tight stop loss at 1.41

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