GBPUSD Short

Since the 6th September, bearish momentum has been most prevalent in GBPUSD. Price appears to be trading within a bearish trend channel, where price has currently stalled on strong area of resistance. Area of resistance also coincides with upper trend line where a reversal to the downside may be expected. TP set at around 1.3115, with SL just outside upper wick of previous candle.

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