liron14

GBPUSD strong resistance area reached

Short
FX:GBPUSD   British Pound / U.S. Dollar
1
gbpusd reached 1,5530-40 area which represents strong resistance point. W and M trends are down. Last month we saw nice Fibo retracement and the wedge is becoming very narrow now so not much more space to dance ove there. Wexpecting some serious move down soon. Trade offeres nice RRR 1:4.

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