FOREXCOM:GBPUSD Hello friends, I have identified the formation target, entry level, and stop level on the chart.
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Good luck
The pair is trading along an sideways trend.
The downtrend may be expected to continue in case the market drops below support level 1.1000.
Alternative scenario: An uptrend will start as soon, as the pair rises above resistance level 1.1500, which will be followed by moving up to resistance level 1.2100.
