Since Cable failed to break on the higher side, #gbpusd is trading in a range between 1.2350-1.2680. in between this range cable and now formed a symmetrical triangle and it seems that pressure towards downside is increased. A break below support @ 1.2380-90 area can add further pressure to take the 
GBPUSD down towards 1.2250. while the resistance remains strong at 1.2500-20 area.
GBPUSD down towards 1.2250. while the resistance remains strong at 1.2500-20 area.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.