GBPUSD - 18.July.2019

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GBPUSD Stands in front of resistance level which suggests a bounce back of prices.

Wait for the market to show lower highs and lower lows.

To be updated..
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the failure of this scenario of course penetrating the resistance level, and if that happened we will update this idea to breakeven our losses!
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Until now, I'm waiting this currency pair to close below support area to confirm a downtrend, but it's a little bit delayed.

under any means, If the market penetrated the minor resistance level, I will re-analyze it for long position :
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Be aware that all corresponding pairs will be effected by the USD
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wait for the market to show lower highs and lower lows:

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No more bearish trades of course

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unfortunately, I wasn't able to update this analysis since the market was so fast, I'll publish the next opportunity.
Chart PatternsGBPUSDsignalsTrend AnalysisWave Analysis

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