GBPUSD potential for short pullback | 21st Oct for FX:GBPUSD by desmondlzw

GBPUSD potential for short pullback | 21st Oct

GBPUSD potential for short pullback | 21st Oct for FX:GBPUSD by desmondlzw

Price is currently trading in our ascending channel and near sell entry position of 1.38526 which is 61.8% projection and 23.6% retracement. Stop loss is placed at 1.38804 which is the graphical swing high level. Price can potentially dip to the take profit level of 1.3710 which is 23.6% Fibonacci retracement and 61.8% Fibonacci projection . Our temporary bearish bias is supported by the stochastic indicator which is near resistance level .

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