GBPUSD: Sell any retracements towards 1.3145-65 for 1.3080-90
GBPUSD is in a downtrend in the short term with Weekly, Daily and 4H charts technical picture favoring the continuation of the move lower.
Strategy:
SELL at current levels and at any advance towards 1.3145-60
STOP LOSS above 1.3205
TP: 1.3085 or 1.3055-60
MULTITIME FRAME TECHNICAL PICTURE AND ANALYSIS
Weekly: Reversal Weekly Bar at double channel top
Daily: Reversal Patterns and RSI Double top
4H: H&S pattern pointing lower
Strategy:
SELL at current levels and at any advance towards 1.3145-60
STOP LOSS above 1.3205
TP: 1.3085 or 1.3055-60
MULTITIME FRAME TECHNICAL PICTURE AND ANALYSIS
Weekly: Reversal Weekly Bar at double channel top
Daily: Reversal Patterns and RSI Double top
4H: H&S pattern pointing lower
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