MMFXSignals

GBPUSD SHORT TRADE

Short
FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD trading in downtrend line
price rejected from key level around 1.23000
price below SMA 100
MACD shows bearish momentum
RSI trading in downtrend line below 50
price forming AB=CD pattern
so its expect further selling to pattern target at 200% fibo around 1.20500
then to support level around 1.19000

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.