Description
⋅ As per my previous post, having cleared the last bullish fibo uptrend at the 1.618 level, GBPUSD has turned very bearish in the short term.
After hitting a low of 1.2905, they have retraced back above 61.8% level of 1.3282.
With stop loss at last high of 1.3520, Risk / Reward ranging from 4 - 5 X depending on entry level, profit target at 1.618 level of 1.2296.
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