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May 20, 2022 4:01 PM

Weekly 38% Fibonacci Sell In The GBP/USD Short

British Pound/U.S. DollarFXCM

Description

Here is a key level to watch in the GBP/USD as we roll into the final trading week of May:

Weekly 38% Fibonacci Retracement, 1.2592

Here's the trade:

1) Sell GBP/USD @ 1.2584
2) Stop Loss @ 1.2629
3) Profit Target @ 1.2546, 1:1 risk vs reward
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