Popeson

GBPUSD 1D Anlysis

Short
FX:GBPUSD   British Pound / U.S. Dollar
GU hasn't been one of my favourite to trade lately as a swing trader because of the long range. However, price has broken and closed below the trendline which signifies a possible trend reversal.

However i will be waiting for a sell entry if price breaks below 1.23097 level. I am anticipating a 477 pips drop from this level

What's your thought on this?

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