GBP 4H chart indicates downtrend. The former bullish channel has been broken. At the moment the price is a little above of 0.618 Fib level starting from the last swing high. If the resistance does not hold, then it may be a shift in the trend. Until then, I more into shorts for the pair.
Trade active
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IC Markets SC price ->1.62900, so 50 pips in profit. Closing 30% of position.
Comment
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Target 1 achieved at the recent support. The rest to BE.