technical.trader
Short

GBPUSD : bear trend for the completion of the 42 days cycle .

FX:GBPUSD   British Pound/U.S. Dollar
Due to the ascending triangle the price might actually go a little further to the upside , wich would find resistance at 1.58000 or at 1.59000 ,and that wil create a double tops , then the trend might be reversed to the downside because of an important divergence that lasted for more than 25 days , then it's more important than the ascending triangle , and that explain why the red arrow is much longer the the blue ones , also the cmpletion of the 42 days cycle give some additionnal proof to the importance of the bear trend
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