Exogenous

GBP/USD POTENTIAL ANALYSIS,HARMONICS, PATTERNS,

Short
FX_IDC:GBPUSD   Funt Brytyjski/Dolar USA
As you can see one of the more complicated analysis where I have targeted where each point may direct themselves. Firstly I just want to say this bearish harmonic pattern has been completed in a smaller scale and failed. Now that I have identified this completion of the potential pattern, I do believe this would cause the breakage of the 130. a solidified barrier that is hard on breaking, however you can see I have identified the first target point which may be looking like a second bottom with the potential wedge to hold its position. This may be a pullback for the set up for longs. If target reached I would be doing another position to long to its next potential destination.

Current position: 1.3070
Opening position: 1.3070
Target point: 1.2965
Exit point: 1.3147

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