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YourLazyTrader

Will GBP/USD fall to 1.2350 in the next few days?

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
YourLazyTrader  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis GBPUSD gbpusdshort gbpusdanalysis gbpusdsignal gbpusdtrade
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trendanalysis chartpattern beyondta gbpusd gbpusdshort gbpusdanalysis gbpusdsignal gbpusdtrade
GBP/USD is demonstrating some bearish price action in the daily timeframe. The 1.2670 level is acting as a strong
resistance in the daily chart. If the resistance continues to hold, I am expecting further declines in GBPUSD
towards 1.2350 level.
I recommend selling the rallies in GBP/USD. Ideal sell entry would be close to 1.2670 level with Stop loss above
the resistance and TPs at 1.2550 and 1.2350 respectively.
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