Our GBPUSD descending triangle setup from this morning (PLEASE SEE LINK TO ORIGINAL IDEA BELOW) has hit the first target at 1.27814.
After breaking the support level at 1.28038, there was bearish momentum at the break to continue comfortably to our first price target, and we just missed the second target by three pips.
Now we will wait and see if the market continues down to the second target at 1.27678 or if the market consolidates around 1.27814.
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