FlowState

GBP/USD: Sellers re-engage at the hourly trendline

Short
FX:GBPUSD   British Pound / U.S. Dollar
100% projection target met to the downside prior to the bounce to the trendline.

We were expecting sellers on retracements. Best reward from 50% fib retrac up to trendline.

As the price stands, the market structure remains bearish for a potential continuation to the downside.


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