Get started
julez

GBP/USD 4H SHORT

Short
British Pound / U.S. Dollar (FOREXCOM:GBPUSD)  
julez  
FOREXCOM:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns cable USD USDGBP short 4hrchart
0
0
trendanalysis chartpattern cable usd usdgbp short 4hrchart
GBP/USD May fall 100+ pips
Insight - Due to fundamental events, price has hit an extreme low, breaking the support of the monthly descending channel. Support now at 1.1434 and resistance at 1.1808

Intraday - 4H
Trade: Sell
Sell or Below 1.1434
Target TP: 1.1296 & 1.1133

Alternative scenario:

Trade: Buy
Buy or Above: 1.1434
Target TP: 1.1808 & 1.2031
Pivot and Support 1.1434
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.