Similar to EURUSD, the Pound is sliding downwards at the moment, forming a series of lower lows and lower highs. Should price come back and retest the 1.4875 region, it would be a decent shorting opportunity to ride on the down trend, with stops just above the 1.4895 level and target around the 1.4650 level.

I would love to hear your opinion, feel free to comment, agree or disagree.

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KY
USD (US Dollar)
KarYong

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