Forex Signals – GBP/USD Technical Analysis and Forecasts [16-06-2020]

GBPUSD Forex Trading Signals

GBPUSD Technical Analysis and Forcasts 

Price Expected to Continue Downtrend.

Time Frame- 4H

1- Market Sentiment – Bearish.

2-Price Bounce Back at Resistance Level

Trade Setup

Position :- Short
Entry Level :- 1.2640
Stop Loss Level :- 1.2825(185pips)
Take Profit Level :- 1.2075(585pips)

Alternative scenario

UP Trend Maybe Continue if price break Above 1.2825 which will leads to 1.3000

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Note:-

Forex Trading is Highly Risky Business , do your own research and be aware of the risks and rewards. Always use Stop Loss. 

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