GBPUSD was rejected near Monthly resistant MR1 and formed a lower low, Bear waiting for price to rally up then reverse and formed a lower high to sell.

GBPUSD Daily ( 8 Dec , 2016 )

Bear waiting price to rally up then reverse to sell

GBPUSD H4 ( 8 Dec , 2016 )

This week price open near weekly pivot WM3 a sell zone for Bear . now a second entry wait for price to rally up near WM3 again and rejected about 1.27

GBPUSD 15M ( 8 Dec ,2016 )

Entry time frame : Plan A Bear wait for price to rally up to Yesterday high area and reverse about 1.27 SL 1.28 TP 1.25 Plan B If the price continue rally up to higher price then reverse about 1.2750 SL 1.2850 TP 1.25

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About The Forex Analyst

Daniel is full time technical analyst for forex.today base in Singapore. He is specialize in Asian Mayor currency JPY , Aud and NZD.

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