We observed two unusual breakouts on the 📉GBPUSD chart. The market had been trading in a tight range for about four days, forming both a symmetrical triangle and a horizontal range.
The recent breakout below the support of both the triangle and the range indicates a show of strength from the sellers.
This suggests that the price could potentially decrease to levels around 1.2620 or 1.2579.
The recent breakout below the support of both the triangle and the range indicates a show of strength from the sellers.
This suggests that the price could potentially decrease to levels around 1.2620 or 1.2579.
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