Cabana Capitals Blog Technical Analysis A potential bearish movement on GBPUSD

A potential bearish movement on GBPUSD

A potential bearish movement on GBPUSD post thumbnail image

GBPUSD is heading towards a line of 1.2758. If this movement continues, the price of GBPUSD could test 1.2758 within the next 2 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding.

Target: 1.2758 Entry: 1.2784 Stop: 1.2793

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