Comparic
Short

GBPUSD H4 - bears in power

FX_IDC:GBPUSD   British Pound / U.S. Dollar
On H4 chart we observe a downward movement, which began from test of this year’s high set by series of peaks from mid-May. So far declines are not violent but reaching new lows can trigger a stronger supply response. Price should then move towards next support at 1.2810-20. Last candles look bearish so declines are likely. In this context, consider short position after pair drops below 1.2910.
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