Signal_Centre

GBPUSD - Holds within the corrective channel

Short
FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD - Intraday - We look to Sell at 1.2960 (stop at 1.2990)

Closed the day little net changed. Levels close to the 78.6% pullback level of 1.2951 found sellers. Posted Mixed Daily results for the last 28 days. Trading within a Corrective Channel formation. Rallies continue to attract sellers. Bespoke resistance is located at 1.2960. Although the anticipated move lower is corrective, it does offer ample risk/reward today.
Our profit targets will be 1.2750 and 1.2730

Resistance: 1.2950 / 1.2960 / 1.2985
Support: 1.2904 / 1.2750 / 1.2738

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.