AlgoVenture

GBPUSD Rising Channel Broken

Short
FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD has failed to continue its uptrend as it has broken multiple support levels, and broken a rising channel this week.
With how bearish the closing candle was on friday, we are expecting further downside for GBPUSD this week.
Await a pullback to sell GBPUSD again at a better price, with the next immediate support being seen at 1.2210 - 1.2285.
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