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Gelium

GBP: A reversal model for a possible downtrend.

Short
British Pound / U.S. Dollar (FX_IDC:GBPUSD)  
Gelium Updated   
FX_IDC:GBPUSD   British Pound / U.S. Dollar
GBP GBPUSD gbpshort gbpusdshort
8
0
gbp gbpusd gbpshort gbpusdshort
The resistance level of 1.3049 was not breached. It is possible to form a descending model 3W. The target level may be a long-term support level of 1.2106.
Trade closed: stop reached
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