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MattWalz
Jan 2, 2017 2:06 AM

GBPUSD Outlook for this week Short

British Pound/U.S. DollarFXCM

Description

This week I will be expecting price to continue to rise after support was found at the weekly level of 1.223 into the 1.250 even handle where a confluence of factors have setup a possible PRZ to continue the bearish trend. Around 1.250 lays 3 fibonacci zones, a 3rd touch of the descending trendline, as well as the Daily 50ema. I will be anticipating a short signal around this level, possibly being retested during NFP on Friday.

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