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GBPUSD is going towards south

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
velmunis Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns GBPUSD gbpusdshort gbpusdsignal gbpusdtrade gbpusdanalysis gbpusdidea gbpusdsetup
3
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trendanalysis chartpattern gbpusd gbpusdshort gbpusdsignal gbpusdtrade gbpusdanalysis gbpusdidea gbpusdsetup
GBPUSD

After reaching the march high 1.31900 which is wend down all the way to 1.21950

Its lost its ground against US dollar. Its felled almost 1000 pips

We can expect short term pullback towards 1.24200 which is 78.6% Fibonacci

And we may expect further resistance towards 1.26240

Potential short positions may open at 1.24200 level and take profit will be 1.20700

Stop lose may placed above 61.8% Fibonacci level
Trade closed: target reached

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