After a huge spike it seems to reject to break previous CFT highs, thus showing a weak sign and considered also a bearish divergence. GU is also rejecting Trend Resistance and we will see where it goes. Outlook is saying it will come down soon.
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FX - GBP/USD
Chart timeframe - 6hr
Area of interest - 1.34 , 1.29
Potential target 1 - 1.315
Potential target 2 - 1.308
Potential extended target - 1.29
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Trade Safe everyone!
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FX - GBP/USD
Chart timeframe - 6hr
Area of interest - 1.34 , 1.29
Potential target 1 - 1.315
Potential target 2 - 1.308
Potential extended target - 1.29
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Trade Safe everyone!
Order cancelled:
Broke upward trend, no trade was activated
