ForecastCity

Don't miss the great sell opportunity in GBPUSD

Short
FX:GBPUSD   British Pound / U.S. Dollar
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.2406). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. GBPUSD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 50.

Take Profits:
TP1= @ 1.2000
TP2= @ 1.1840
TP3= @ 1.1410

SL: Break Above R2
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Comments

Its perfect analysis Coach. It is a pair of the week.
+6 Reply
ForecastCity Best_Forecast
@Best_Forecast, Thanks for your nice comment.
+1 Reply
You are one of my favorite analysts!
+4 Reply
ForecastCity sara-kian-fx
@sara-kian-fx, It's really our pleasure.
+1 Reply
Much appreciative for flawless trade setups. Very educative!
+4 Reply
ForecastCity Best_Forecast
@Best_Forecast, We appreciate your support.
+1 Reply
@ForecastCity always enjoy your posts
+3 Reply
ForecastCity sara-kian-fx
@sara-kian-fx, We're glad you enjoyed it.
+1 Reply
Thank you again for sharing your ideas.
+2 Reply
ForecastCity Forecast_Crypto
@Forecast_Crypto, You're welcome. Thanks for following us here.
+1 Reply
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