vj20_fx

Indecisive on Major Resistance

Long
FX:GBPUSD   British Pound / U.S. Dollar
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3
Cable has been in an uptrend which I called from the consolidation highlighted from 07/03 - 13/03. I believe this strong bearish movement is not a retracement but a reversal of trend. Price may now make a lower high at possibly 1.25400 to form a strong downtrend. I may enter this position after the close of the 4 hour candlestick .