GBPUSD H1 Chart Overview and Short Opportunity
GBPUSD rejected 1.3122 and reversed. Triangle breakout will trigger the bearish move.
UK Data of Tuesday and Wednesday CPI are on focus.
Our Trade Setup:
Target1: 1.30600 / Reached
Target 2: 1.30100
Target 3: 1.29700
Ultimate Target: 1.29120 (
Update: TP1 Reached. I plan to add H1 closing below 1.30600
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DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money
GBPUSD: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility