After a frustrating consolidation/distribution above 1.24, GbpUsd finally broke to the downside and dropped to 1.2250 zone.
Now this drop is corrected and I expect a new leg down to 1.2 in the next few days.
1.24-1.2450 will provide very strong resistance and a sell entry for this pair could have a very nice R:R of at least 1:4
Now this drop is corrected and I expect a new leg down to 1.2 in the next few days.
1.24-1.2450 will provide very strong resistance and a sell entry for this pair could have a very nice R:R of at least 1:4
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