KENJICHEN

0329-GBPUSD Analysis

Short
FX:GBPUSD   British Pound / U.S. Dollar

GBPUSD
Pound reveal weakness and breakdown the treanline in Euro market, thus it probably downward to test 1.30 level is reliable strong or not.

In last trading day of week, I recommend stay on short side to GBPUSD, unless pound can recover losses made by Euro market.

Short pound right now target 1.2965, moreover, 1.3000 level need to be break.

Support: 1.2965 / 1.3000
Resistance: 1.3030 / 1.3082
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