ForecastCity_ME

💡Don't miss the great sell opportunity in GBPUSD

Short
FX:GBPUSD   British Pound / U.S. Dollar
Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (1.3003).
if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. GBPUSD is in a range bound and the beginning of downtrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 41.

Take Profits:
TP1= @ 1.2911
TP2= @ 1.2800
TP3= @ 1.2680
TP4= @ 1.2595
TP5= @ 1.2481

SL: Break Above R2

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Trade well, ❤️
ForecastCity English Support Team ❤️
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Comments

Many thanks for sharing this chart.
+1 Reply
@Sir_Ray, We hope you enjoy it.
Reply
Thank you so much.
+1 Reply
@Kamryn, you're very welcome
Reply
Nice chart
+1 Reply
ForecastCity_ME yusufipek1989
@yusufipek1989, Thank you for sharing your feedback.
Reply
I'm considering this chart for trading.
+1 Reply
ForecastCity_ME Mesutkashmar
@Mesutkashmar,  Thanks for your comment. We wish you good luck with your trades.
Reply
This is what I expect too. Did not expect GBP USD to touch 3176 again though... May be US elections was some unusual driver
Reply
Very useful
Reply
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