themarketzone

Potential bearish setup on a weekly resistance zone

FX:GBPUSD   Sterlina / Dollaro
$GBPUSD stopped right at the weekly resistance zone I mentioned in last week's Weekly Markets Analysis newsletter.
This week I'm trying to find a smaller pattern to trade based on the assumption that as long as the price stays below resistance, It has higher potential to move lower.. maybe a pullback towards 1.52.

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