Technical Analysis GBPUSD FAKEOUT/SPIKE Trade.
Looking at the GBPUSD monthly rejection point also known as support and resistance lines or memory. GBPUSD was currently on a weekly low and moved very rapidly to the south with a strong rejection at 1.32551. This could signify a change in trend or a continuation of previous support or resistance pattern, I'm risking 20 pips on this trade with a 2/1 R/R. 2% Per Trade. Remember this analysis is for educational purposes only and If you want to know how I draw my support and resistance lines. Just send me a message.
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