Signal_Centre

GBPUSD - Bearish building a Cypher pattern

Short
FX:GBPUSD   British Pound / U.S. Dollar
We look to Sell at 1.0953 with targets of 1.0790 & 1.0760 and a stop of 1.0983

Continued downward momentum from 1.1020 resulted in the pair posting net daily losses yesterday. Intraday, and we are between bespoke support and resistance 1.0888-1.0954. Expect trading to remain mixed and volatile. The 50% Fibonacci retracement is located at 1.0953 from 1.1018 to 1.0888. Preferred trade is to sell into rallies.

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