GBP/USD 100 Pips+ Short Opportunity Short

British Pound/U.S. DollarFXCM

Description

⋅ Apr 11, 2017 4:14 AM

FX_IDC:GBPUSD
A possible 100 pips+ GBP/USD bearish move. Risk:Reward ratio of 1:3.

First target is 1.2305 and the second one is 1.2205 depending on how things turn out.

Always make your own analysis before investing.

Comments

MoolahMaker

⋅ Apr 12, 2017 3:57 AM

Break resistence*

MoolahMaker

⋅ Apr 12, 2017 3:56 AM

The GBP CPI news were good and made GBP/USD break support. If tomorrow's news are good too, then we can expect GBP/USD to rise again, or else to fall. I will from now on only publish ideas when enough confirmation about the direction of a currency pair has been made.