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MarcellusLUX

GBP/USD struggles to break the resistance,pullback possible!

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
MarcellusLUX  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis GBPUSD gbpusdshort gbpusdanalysis gbpusdsignal gbpusdtrade gbpusdidea gbpusdsetup gbpusdsell gbpusd_forecast
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trendanalysis chartpattern beyondta gbpusd gbpusdshort gbpusdanalysis gbpusdsignal gbpusdtrade gbpusdidea gbpusdsetup gbpusdsell gbpusd_forecast
Hello traders, in my previous idea, I recommended selling GBPUSD
between 1.4195-1.4220 with SL above 1.4307 and initial TP at 1.3950.
(previous idea linked below). So, you might have earned 130+ pips profit
when GBP/USD dropped to 1.4080 last week.

GBP/USD still at resistance level, possible sell set-up

Currently, the GBP/USD bulls have not been able to break the 1.4230 resistance.
So, a moderate pullback towards 1.39 is possible.

I recommend selling the rallies between 1.4165-1.4220 with SL above 1.4250
and TP at 1.3900.

Related Ideas

MarcellusLUX
GBP/USD still at resistance level, possible sell set-up
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