OANDA:GBPUSD   British Pound / U.S. Dollar

Looks overbought and taking a short trade...

- The GBPUSD pair sthe pair rebounded from a short-term ascending trend-line support near 1.2400 handle and rose to 1.2480 regon

- Despite of yesterday's recovery bounce, GBPUSD remained within a short-term symmetrical triangular formation and hence, a subsequent retracement could get extended towards the lower ascending trend-line support near 1.2400 handle

As usual 20-25 pips profit target. Ride with me!

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