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KaltoireCapital

GBP/USD Price Outlook| Price at the top of the rising channel

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
KaltoireCapital Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns GBPUSD gbpusdshort gbpusdsignal
60
20
trendanalysis chartpattern gbpusd gbpusdshort gbpusdsignal
Driven by US dollar weakness, GBP/USD spiked up at the end of Friday's
trading session.

At the moment the price is probing the resistance of the rising price
channel. So, there could be a pullback soon.

Besides, brexit deal deadlock will also impact the Pound negatively.

So, if there is bearish price action at the channel resistance, then
it would be a good idea to sell GBP/USD and target the channel support
at 1.2930 as initial TP.
Trade active:
Sold at 1.3053
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