GBPUSD Sell Setup Pair is about to complete a triple cycle up. We can look for short setups near the 1.45 zone with bearish divergence on top. Great risk:reward ratio here! Protect last high created. Target 1: 1.4370 target 2: 1.4280
Possible triple cycle to end near 1.1450. From there we can look for short positions and aim 1.0987.
On weekly chart a Triple Cycle has been completed. This is why it is preferred to look for long opportunities in the mid-short term. There is a trend line from the bottom. If the pair reaches it and creates divergence near it we can try a long position. Target 1: 86.00 Target 2: 86.80 Stop Loss: 10 pips below the trend line support area.