GBPUSD CLOSE VIEW (5min)
GBPUSD clearly indicate strong bearishness from all angle of view. The currency pair is expected to peak at either of the 3 points (sell level);
1. Downward trend line TL-1
2. Resistance at 1.41720 or
3. Downward trend line TL-2 which also double as upper band of the downward price channel as shown in the charts.
My trading range forcast for gbpusd for today: 1.40000-1.41720
Trade recommendation:
Sell entry zones: TL-1/TL-2/Resistance at 1.41720
Stop loss must be above 1.41720
Exit should be targeted at 1.40110/1.40200
Note: A break above 1.41720/price channel means possible reversal
Disclaimer: Our trade advice is only informative. #TradeAtYourOwnRisk
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