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James-T

Potential Short on the Cable

British Pound / U.S. Dollar (OANDA:GBPUSD)  
James-T  
OANDA:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Fundamental Analysis
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trendanalysis fundamental
The GBP/USD seems to have found a suborn resistance in the medium term at 1.2436. With the US CPI due tomorrow and if this level can hold, there may be a potential selling opportunity in the medium term. Two of the ribbons are also contracting. First potential target 1.2316
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