Potential GBPUSD Short? Short

British Pound/U.S. DollarFXCM

Description

⋅ Feb 7, 2018 6:53 PM

I don't expect interest rates to rise at all. Following technicals, I see a support zone around .618 fib level, which could be a potential target. Regardless, I see .5 fib being reached, meaning a price of 1.37047.

Trend Analysis GBPUSD