has broken the 1. 40
upward trend line
, the 1. 40 pivot
level as well as the 1.3959 fibbo support and continues to look heavy. Dollar is strong post the recent FOMC meeting and we see no sign of this slowing anytime soon.
I would therefore look to sell GBPUSD
around the 1.13960 level and would add another sell around the 1. 40
level and stop both clips around the 1.4027 fibbo lvl
short 1 @ 1.3959