REASONS FOR THIS TRADE

- ON HIGHER TIMEFRAMES, CAN SEE CHANGE OF MOMENTUM/REVERSAL FROM BULLISH TO BEARISH. EXPECTING DOWNSIDE TO CONTINUE.

- STRONG SHORT TERM RESISTANCE REGION BETWEEN 1.38231 - 1.38605

- EXPECTING TO BOUNCE OFF THE TRENDLINE. IN CONFLUENCE WITH FIB LEVEL - 0.382.

- EXPECTING THE GBP TO WEAKEN IN THE COMING WEEKS.
Chart PatternsFundamental AnalysisTrend Analysis

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