WIll GBPUSD continue its downward movement?
2020-02-28 05:15:09
https://www.tradingview.com/x/TlLbDMj3/GBPUSD
Tools:
Trend line
Support and resistance
Price has completed the formation of head and Shoulder pattern which is a reversal signal. If price can break through the price level 1.28836 then we can wait for a retest then go short. The target is 1.27515 with 1.29024 sl
NB: **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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