Johnman
Short

Price seeks support, good R/R ratio

FX:GBPUSD   British Pound/U.S. Dollar
72 1 1
Price action seems to be headed for support at 1.50680 after testing the top of the channel/wedge. Good risk/reward ratio on this one.

Fundamentals support this move since the possibility of a UK rate hike anytime soon is now gone. Retail Sales is expected worse and the outlook on USD is positive.
I didn't realize I was basically posting the same idea twice. My bad!
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out