British Pound / U.S. Dollar

Short

GBPUSD Short

Updated

Hey guys. With Core PPI coming in stronger than expected I think this puts pressure on the GBPUSD pair to the downside. Targeting a measured move off of the 61.8 fib retrace.

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Currently floating 82 pips with stop moved to break even. Planning to hold overnight.

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Stopped out of the first trade for breakeven. Have re-entered at 1.21 with 50 pip stop-loss. Still targeting 1.18

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Trade currently floating 118 pips. Plan to hold until target is hit.

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