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DAY_PROFITS

GBP/USD:SHORT From Resistance AREA and 61.8% FIBO CYPHER SELL

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
DAY_PROFITS Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Harmonic Patterns Technical Indicators GBPUSD
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trendanalysis harmonicpatterns indicator gbpusd
The GBP/USD in the last session had a strong Bullish impulse as Pullback to retest the previous resistance area before continuing in the direction of the main trend. Today, the price approached our first area of attention where there is both the Resistance area and also the 61.8% Fibonacci level. As you can see the Bearish Cypher Pattern can be another opportunity to go short if the price eventually will go over the talked resistance area. The stochastic is in Overbought and all these clues are for us, a Bearish forecast.
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