FX:GBPUSD   Pound Sterling/U.S. Dollar
74 0 2
Hi Traders,

Like my EURGBP             post, GBPUSD             is now at the 50% retracement from current swing highs.
If it breaks above the 50% on the Daily candle, i expect a good amount of reversal to the 1.32xx area.
(Quote from a old futures trader: "if the move reverse more then 50%...more then likely it will continue futher)

Favouring more of the UP side for this trade but we have to be paitent to see what it gives us.
Take a look at my EURGBP             chart and you will understand it better (hopefully)


All the best and trade safe guys.
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