Fundamentals:-
As posted in the last trade signal we expected the GBP/USD to sell off. Due to Brexit pressures and the US moving further away from a trade war it is likely we could see a further sell off in this currency pair.
Technicals:-
As you can see from the Chart I have put a fibonnaci retracement on the recent downturn which give a 50% pull back at 14150. and 60% at 14173. I will be looking to take another sell trade at around this price.
As posted in the last trade signal we expected the GBP/USD to sell off. Due to Brexit pressures and the US moving further away from a trade war it is likely we could see a further sell off in this currency pair.
Technicals:-
As you can see from the Chart I have put a fibonnaci retracement on the recent downturn which give a 50% pull back at 14150. and 60% at 14173. I will be looking to take another sell trade at around this price.
Trade active:
The trade has been triggered and I am now looking to lock in some profit by moving the stop loss to 14105
Trade active:
I am now looking to lock in some more profit and move the stop loss to 14090
Trade closed manually:
Price action suggests a period of consolidation and possible reversal so I have taken profit. at 14064
