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long1996

GU Daily Analysis

British Pound / U.S. Dollar (FX:GBPUSD)  
long1996 Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns
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trendanalysis chartpattern
snapshot
Daily: The pair is currently in a downtrend. The price has found support on 1.3225 but failed to close above 1.3275.
A break above 1.3275 would target the upside 1.3325 & 1.3375.
snapshot
4H: The price is currently in a strong downtrend. The price is approaching the trend line situated just above 1.3725 region. More confirmation is needed to confirm whether it will bounce back below or break above.
snapshot
1H: The price is currently consolidating at the trendline. A break above the trendline will target the upside at 1.3325. A rejection from the trend line & resistance 1.3275 would take the price down towards 1.3225 & 1.3175.
Trade active:
Price has tested trend line & closed below 1.3275. Short entered to 1.3225 & 1.3175.
Trade active:
Its a false break below 1.3275, the price immediately turn around and consolidate above the resistance turned support.
Wait for price to consolidate above 1.3325 to target 1.3375
Trade closed: target reached
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