GBPUSD – feedback 7 Jan

I posted this trade last week and cautioned on the 1.23260 level to watch. The market did not disappoint and shot up with about 100p from this level and then turned around to close below 1.23260 again on Friday on the Daily chart. While it closes below 1.23260 on a Daily basis, continue to sell. I have a target at 1.2090, but I expect some challenges on the way there but on both the Daily and Weekly charts there are still space downwards for bears.

FOLLOW UP 7 JAN

Source: Maryna

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