TSRI Strategy: GBPUSD heading lower?

Timeframe: H4

Trend: Continuation of the short term downtrend

Support/Resistance: Look for break of the bullish trend line and support level of 1.2645 (confluence with the 38.2% Fibonacci retracement level)

TSRI MACD: Crossover to signal selling opportunity

SL: 40 pips above resistance
TP: 110 pips at 61.8% Fibonacci retracement level
ForexfxGBPUSDTechnical IndicatorsSELLtradingTrend AnalysisTSRItsrimacd

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