VantageMarkets

GBPUSD Potential for Bearish Mome

Short
FX:GBPUSD   British Pound / U.S. Dollar
On the H4, prices seem to be in a bearish momentum. We're waiting for a pullback sell entry at 1.2116 and looking to take profit at the 78.6% fibonacci retracement and 61.8% projection at 1.1913. Alternatively price could hit tour stop loss at 1.2293 around the 78.6% retracement and the second resistance at 1.2406 where the swing high sits

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