KENJICHEN

0425-GBPUSD Analysis

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

GBPUSD
We should more careful today, because it's the time advantage to bounce in Thursday.
Although the trend is in weakness situation, the better strategies is find good price to short to prevent losing from quick bounce.

1.29 level is relative target that I mentioned in previous ideas, it is just fulfilled and may have support in this level.
By following the downtrend, I recommend do short position for good place and timing, which is around the Reversal Horizon at 09:00~10:00.
Then target 1.2900 level again for today, unless US market can create new low for more profits.

Support: 1.2900/ 1.2860
Resistance: 1.2930 / 1.2943
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