Investroy

GBP/USD, nice sell scenario

Short
FX:GBPUSD   British Pound / U.S. Dollar
The sentiment is clearly bearish. The price needed some corrections, therefore, after reaching the previous Lower Low, which acted as a strong level of support, the bulls entered the market and drove the price up till the 0.5 Fibonacci retracement level. The price is strongly rejecting this region, and from here we are aiming for opening short positions and targeting the previous Lower Low or even further down.

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