Putting Entry Limits in both cases.
The daily right side is down with a bearish sequence & the 4 hour right side is down with a bearish sequence against the 12/13/2019 highs at 1.3522. While above 1.2162 the pair can see some further strength to correct the cycle from the 12/13/19 highs. While below there expect the pair lower.
1- GBPUSD IS IN A SIDEWAYS TREND CURRENTLY IN A RESISTANCEZONE 2- FORMING A POTENTIAL RISING WEDGE 3- TRADE GET ACTIVATED ONCE THE YELLOW TREND LINE IS BREACHED 4- TARGET 1.22502
GBPUSD is fails to break the strong resistance level of 1.25000, Price under the control of bears and it clearly shows the path towards down , this week it may touch the price of 1.20000 and further more, hope it will turns up from 1.19 price...
Short quickie ,see the ranges, Ps the pair is in a overall bearish run
GBPUSD broke the trend line and may go down from here after a retest
Upcoming great Sell opportunity on GBPUSD