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From the beginning of May until now GBPUSD has formed a downward trend.
Part of this movement I had the opportunity to participate with our previous analysis.
(tradingview.com/chart/GBPUSD/j5CxEg34-GBPUSD-Head-and-Shoulders/)
Now the price reaches the resistance zone and we expect to see a new down movement.
The key level will be 1.2231.
In case of breaking down at this level we can look for sales to 1.2079 and 1.1989.
From the beginning of May until now GBPUSD has formed a downward trend.
Part of this movement I had the opportunity to participate with our previous analysis.
(tradingview.com/chart/GBPUSD/j5CxEg34-GBPUSD-Head-and-Shoulders/)
Now the price reaches the resistance zone and we expect to see a new down movement.
The key level will be 1.2231.
In case of breaking down at this level we can look for sales to 1.2079 and 1.1989.
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💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅ JOIN FREE TELEGRAM: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.