PaschalPT

Short trade on GU imminent

Short
FX:GBPUSD   British Pound / U.S. Dollar
Looking at the GBP/USD we can see on the 4Hr TF we have started the week in a bearish market as sellers continue to dominate price action. We have a projected target at the 1.27 fib ext which lines up around the daily support zone of 1.21950 if the recent LL is breached.