Analysis of #GBPUSD
Hello traders,
Looking at the GBPUSD chart, we can see that the market is currently approaching the trendline resistance and a previous structure resistance zone. This provides a potential sell entry opportunity.
We can wait for the market to confirm the resistance level by forming a reversal pattern or showing bearish momentum before entering a sell trade. Our target could be the recent low or even lower to the next resistance level.
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Happy trading!