JGU
Short

GBPUSD IN 50% MONTHLY RETRACEMET

FX:GBPUSD   British Pound/U.S. Dollar
50 0 2
On June we reached 50% FB             , on July we had a Inside Bar that couldn't break the closed price of June.
We are in a resuming consolidation stage.
1,5712 is key to try to go 1.69055

In my humble opinion price will try to break 1.49041, or at least, if you want to be more conservative price must try to move itself next week between 1.5712 - 1.52898

Any position short with a stop above 1.5880 and with a target to 1.49041 targeting first profit in 1.52898 would be a very good entry.

We are now right in the 50% FB             retracement of monthly range too. Same occur in week frame time.

Regards

Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener 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