SMS14

GBP/USD Downtrend

Short
FX:GBPUSD   British Pound / U.S. Dollar
Trend: Bearish
Trend line: one lower high on trend line and the other lower high a little below the trend line
Short on strength
Stop loss: Last lower high: 1.20666
EP: based on fib level of 0.382(1.19079) and 0.618(1.19685) as the last lower high was little below the trend line
TP1: 1.17498
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