Killy_Mel
Short

FX CHART OF THE DAY: GBPUSD BREAKDOWN RISK

FX:GBPUSD   British Pound/U.S. Dollar
GBPUSD             broken below 1st standard deviation of weekly (120-h) mean amid expanding volatility, signaling probability of further downmove.

Traders can pick shorts below or close to the 1st st             deviation (at 1.5580) with stops at the weekly mean (1.5605)

The trade will be confirmed if price falls below relevant lows at 1.5550.

Traders should also be aware of calendar news coming out at 8-30 and 14-00 GMT, which can trigger mild volatility on the pair
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