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JoeChampion
May 11, 2023 8:48 AM

GBPUSD Potential Downsides Short

British Pound/U.S. DollarFXCM

Description

Hey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.26000 zone, GBPUSD was trading in an uptrend and successfully managed to break it out. Currently GBPUSD seems to be in a correction phase in which it is approaching the retrace zone at 1.26 support and resistance zone.
Trade safe, Joe.
Comments
Lingrid
Fantastic
JoeChampion
@Lingrid thank you Lingrid
KABHI_FOREX_TRADING
expecting strong sell soon
JoeChampion
Deadly_Snake
Great analysis as always, thanks for sharing!
JoeChampion
Finchcliffe
Chart looks great to me Joe, as the US data didn't force a big move up yesterday I think we'll see a big drop, obvs BoE dependent shortly! Thanks for sharing!!
JoeChampion
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