British Pound / U.S. Dollar
Short
Updated

DeGRAM | GBPUSD reaching the upper boundary of the channel

838
GBPUSD is moving in a descending channel between the trend lines.

The price has reached the upper boundary of the channel and dynamic resistance, which it immediately responded to with a decline.

The pair continues to be under the 62% retracement level.

The chart keeps the descending structure.

We expect the price decline to continue.

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Trade closed: target reached
Closed +34 PIPS

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