GBP/USD reversed from resistance zone

GBP/USD reversed from resistance zone

  • GBP/USD reversed from resistance zone
  • Next sell target - 1.3890

GBP/USD recently reversed down from the resistance zone lying between the resistance level 1.4280, upper resistance trendline of the daily up channel from August and the upper daily Bollinger Band. The downward reversal from this resistance zone created the daily Japanese candlesticks reversal pattern Shooting Star – which marked the start of the active correction (iv). GBP/USD is expected to fall to the next sell target at the next support level 1.3890.



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