GBP/USD The Never Ending Story ,Or…..
Well for all my readers its was written on my wall ,now after “Fat Finger” on the gbpusd tonight ,im going out from my short position
The all story since the brexit and even before noted here before. GBP/USD fall from 1.3444 extended last week and initial bias is on the downside for 1.2865 support.for the big moves the exceptions was written .
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Break of 1.2750 the last low will confirm this bearish case and would target next projection level at 1.23-1.24. On the upside, above 1.3170 minor resistance will possibly extend the consolidation pattern ,In the bigger picture, the down trend is still in progress.
no change in the view that down trend from 2.1161 is still in progress. Current momentum suggests that the down trend will go deeper than originally expected. But at this point, there is strong support around 1.23-1.240, today we got the final move ….???
ill update you for my future exception for GBPUSD
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