GBP/USD is Looking to Reach the M L4

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

The GBP/USD continues with downtrend.

The price has reached the M L3 1.3424 and is trying to break and move lower. At this point we might see a breakout continuation below 1.3424 and the move towards 1.3350 zone. If 1.3350 breaks then the next target should be 1.3317. It’s a bearish trend now and selling the rallies is the strategy to go.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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