Daily Chart GBP/USD
The GBP/USD is in downtrend. After a retracement and gap down we can see that the price is retracing towards the point 3 – the breakout point. We should see the price retracing towards the point 3 and then move down again. The entry zone 1.3390 should move it. The first target is 1.3345 then 1.3228. Selling the rallies is the tactic now.
The Analysis has been done with the Black Widow system.
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