Hello traders,

Let's focus on the GBPUSD pair. This currency pair has established a 121 Bearish Pattern on its hourly chart, with the price currently near a short entry level at 1.21485.

The expected target for this reversal is 1.20339. Although it's unclear if this pattern aligns with the Wyckoff method, we are closely monitoring it for potential indications of a spring.

Target: 1.20339
121patternChart PatternstradechartpatternsliketheprosTrend AnalysisWave Analysis

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