Consider short positions towards 1.2768 | 26 Mei 2017
26 Mei 2017, GBP/USD
Technical Observation
Recently, GBP broke out below the lower trend line acting as the bottom of the rising channel and is currently rallying below it. This breakout is a sign that bears are in complete dominance and that the price could drop further towards 1.2768. On the 4 Hour chart above, I expect a minor pullback to thge upperside then a decline towards 1.2768. My advice, consider short positions towards 1.2768.
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