British Pound / U.S. Dollar

Short

Updated

GPUSD Measured Move Completed

Looking for a bearish reversal after completion of measured move up.

Note

Price completed another move down from channel top. Currently looking for a break of channel support.

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Expecting a 38%-50% retracement back to prior channel support before a larger move down.

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Price has now pullback to below channel support at .5 fib retracement level.

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Currently looking for a breakdown.

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