Traderscope

GBPUSD - Price has reached a top

Short
FX:GBPUSD   British Pound / U.S. Dollar
Recently the pair has reached 1.3170 which represents the third summit of a bearish trend line weekly.
The resistance seems strong and I also noticed a strong reaction of the price on this level. Considering all of this, I reasonably thinks that a bearish trend is taking place. A stop loss above 1.3170 will prevent from a bullish continuation.
1.2800 is a good first target for this opportunity.

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