GBPUSD seemed to have resumed its downward trend and is looking to target 1.4700 region once again.
Traders will look to sell GBPUSD around 1.4990 level for initial target at 1.4810 level which can be extended to 1.4710 level.
The position can be averaged out if GBPUSD rise to 1.5178 level.
Recommended Trade Levels
Trade 1: Sell GBPUSD @ 1.4990
Trade 2: Sell GBPUSD @ 1.5178
Stop: 1.5250
Profit Target 1: 1.4810
Profit Target 2: 1.4710
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