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RLinda
May 2, 2022 8:21 AM

GBPUSD ! The price in range Short

British Pound/U.S. DollarFXCM

Description

GBPUSD is accelerating its fall after the breakdown of the downward channel. The price stops at 1.24000 and rolls back to 1.26000, forming a side range. After the level is confirmed, the price returns for testing, but rolls back after a false breakout.

I expect the price to fall from the resistance level of 1.2595.
The trend is down and can help the price reach our target - 1.2485

Sincerely, R. Linda!
Comments
ForexTrendline
Nice one, keep up the good work!
SignalProvider
Definitely short!
majidhossine
Excellent analysis
YMGroup
exceptional work you are doing for gbp.usd analysis, I also have the same view and think it will go down
Solldy
Thanks for sharing. A good turning area has done its job
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