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GBPUSD Bearish Reversal is Possible

Short
Sterlina / Dollaro (FX:GBPUSD)  
YourLazyTrader  
FX:GBPUSD   Sterlina / Dollaro
Trend Analysis Chart Patterns Beyond Technical Analysis GBPUSD gbpusdshort gbpusdlong gbpusdsignal gbpusdanalysis gbpusdtrade gbpusdidea gbpusd_forecast
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trendanalysis chartpattern beyondta gbpusd gbpusdshort gbpusdlong gbpusdsignal gbpusdanalysis gbpusdtrade gbpusdidea gbpusd_forecast
GBPUSD has reached the previous swing high but so far, price has not broken the resistance level.
Some profit-taking can happen here that can push the price towards 1.26 this week.

Watch for bearish price action in the resistance level and Sell GBPUSD@1.28-1.2820 with 1.2620 as TP and SL above 1.2850.

Be careful as there can also be a fake breakout of this level before the downtrend begins.
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