Enter short on breakout

FX:GBPUSD   British Pound / U.S. Dollar
49 0
Momentum of the rebound from 1.4565 was relatively weak and the structure is somewhat corrective. Hence, we'd treat price actions from 1.4565 as developing into a consolidation/correction pattern only. Fall from 1.7190 is viewed as resuming the longer term down trend from 2.1161 and would target 1.3503 and below later.
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