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GBP/USD: Short Term GANN And Price Action Technicals Are Bearish

Published 01/30/2017, 08:16 AM
Updated 07/09/2023, 06:32 AM

Cable retains a soft technical undertone after yesterday’s turn lower Weakness below short-term trend support. GANN level 180 degree on daily chart 1.22658 is rejected for third time. On daily is in strong sell zone of GANN 144 square.

On H4 cable after long bearish rally seem to have complete upward correction and going to adopt bearish rally. Go short when its break current channel at 1.24784 SL 1.25954 GANN 45 degree level.

Levels to monitor: 1.23406, 1.22426

GANN level and angle analysis on H4 also supports the bearish prognosis for the GBP in the short run.
GBP/USD 4 Hour Chart
GBP/USD Daily Chart

Latest comments

Good jop but GBP about break to new low in next few weeks... His sharp target 1.1833
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