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Maverick45

GBPUSD 4HR - Short after reaching key resistance areas

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
Maverick45  
FX:GBPUSD   British Pound / U.S. Dollar
Support and Resistance Fibonacci Moving Averages GBPUSD
0
0
supportandresistance fibonacci movingaverage gbpusd
GBPUSD
Price has reached an area that contains:
• 50.0-65.2 fib
• 200EMA
• Upper Bollenger Band
• Long Term Trendline

Also MACD bearish divergence between 26th Aug and 27th Aug.

Expecting price to move lower from Daily S1 (1.22240) to Daily S3 level that is also the Weekly S1 level at 1.21265. Second target at above physiological 1.20 which is just above the Weekly S2 and Monthly S1 level.

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