Shivam_93

GBP/USD Short Setup

Short
FX:GBPUSD   British Pound / U.S. Dollar
Cable seems to be stalling around the 1.3035 level where we have confluences of the 200 MA on H4 along with the 61.8 fibonacci level and the daily resistance just above at 1.3050 all acting as dynamic resistance and illustrating that price is struggling to take this area out.
Comment: We can see candlestick rejections of this zone as pinbars and a dragonfly doji, which suggest an upcoming reversal for this pair which takes us to 1.2920 as the next level of support for GBP/USD.

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