Get started
ClintOnos

GBPUSD 1H Showing signs of weakness

Short
British Pound / U.S. Dollar (OANDA:GBPUSD)  
ClintOnos Updated   
OANDA:GBPUSD   British Pound / U.S. Dollar
Trend Analysis GBPUSD cable gbpusdshort gbpusdanalysis cableshort cabletrader cablesell gbpusdsignal gbpusdidea
4
2
trendanalysis gbpusd cable gbpusdshort gbpusdanalysis cableshort cabletrader cablesell gbpusdsignal gbpusdidea
The GBPUSD pair appears to be displaying signs of weakness, with the upward bias on the 1-hour chart appearing to fade. If the price closes below the channel or trendline, I expect it to reach the 1.23250 and 1.231300 price levels. Share your thoughts on this and don't forget to follow me for updates.
Trade active:
The Flash Services PMI data 48.0 released wasn't what market participants expected. This resulted in the GBP or Cable sell-off. Figures below 50 is usually not healthy for the manufacturing sector. Target reached @1.23250
Trade closed: target reached:
Target reached

Related Ideas

ClintOnos
Will the GBPUSD Bullish Outlook Continue or Correction Coming?
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.