Levels for Pound Shorts

FX:GBPUSD   British Pound / U.S. Dollar
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Learn more about golden level trading: http://www.streamhedge.com/goldenlevels/tw

As the week closes we plan ahead and look for possible entries for next week's open. A level at 1.3600 is defined by the June gap shortly after the Brexit took place. Look for a short-term pull-back in price from this level. It was also respected as support back in 2009.

The prime target for a short entry is the level at 1.3900 as the .50 fib and one H4 200 Moving Average are looking to line up with it. (In addition price is likely to be very overbought at around 1.3900 if it makes its way to this price area within the next week).

Learn more about golden level trading: http://www.streamhedge.com/goldenlevels/tw

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