Fx_Trader_ViSa

GBPUSD At Multiple Resistance Level (SELL)

Short
OANDA:GBPUSD   British Pound / U.S. Dollar
GBPUSD is trading at 62% Fibonacci retracement level. It has previously tested the 62% level thrice but failed to give a breakout above 62% Fibonacci retracement level. Now it might reverse its trend on the downside channel pattern, as you can see in the chart. One can initiate the trade on the short side with stop loss are 62% Fibonacci retracement level and the target will be the support line of channel pattern.

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Comment: usa has expanded it lending criteria so we have seen this volatility in market.
ecb also said no more for qe and there are highly chance of not going to no-deal brexit.

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