fxspott

GBP/USD forecast: Possible short Update

Short
OANDA:GBPUSD   British Pound / U.S. Dollar
Here is an update to Monday trading the GBP/USD

Our Sell stop @ 1.37000 and Sell stop TP 1 @ 1.36800 enabling us to bank 400 pips as we had 20 positions(buy stops) opened for GBP/USD
We have opened similar sell stops for the coming days as we expect to short the GBP/USD

Sell Stop @: 1.37100
Sell Stop TP 1@: 1.36800
Sell Stop TP 1@: 1.36000

On the other hand If GBP/USD breaks above the resistance at 1.37600 we expect it to reach 1.38000

Buy Stop @: 1.37800
Buy Stop TP 1: 1.38000
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