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GBPUSD - Recent Structure broken

FX:GBPUSD   British Pound/U.S. Dollar
423 6 9
10 months ago
Greetings Fellow Traders,

GBPUSD             has broken an intraday consolidation strength, hinting strongly at more downside for the GBPUSD             pair.

However due to the nature of this consolidation it looks possible for a run up to the bearish strength from highs last week around 1.4470.

Shorts are recommended with GBPUSD             unless a break and confirmed close above 1.4480 is seen.

Feel free to comment/like/follow

10 months ago
Comment:
GBPUSD - A change of heart
Please see the GBPUSD update after Tuesday's trading. Bulls are now in play, not Bears.
forexmech
10 months ago
I was just looking at this. And just about then receive your confirmation. Great call as always.
+1 Reply
Synapse forexmech
10 months ago
Thanks forexmech! Good eye if you spotted it
Reply
IvanLabrie TOP
10 months ago
Looks a lot like USDJPY 1h chart before the drop.
+1 Reply
McKuz
10 months ago
Great! Got it already ;)
+1 Reply
Synapse McKuz
10 months ago
Excellent - Looks like both areas provided at least minor profits. Currently we may be on the verge of a slightly Bullish GBPUSD as the structure indicated may be breaking on higher time frames. Something to look at for the end of trading today.
+1 Reply
Synapse Synapse
10 months ago
GBPUSD - A change of heart
New GBPUSD update, Bulls are incredibly likely for Wednesday now, not bears.
Reply
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