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owlswift_fx
Mar 26, 2023 3:52 PM

3 Reasons to Sell GBPUSD Short

British Pound/U.S. DollarFXCM

Description

The chart speaks for itself, but I would recommend waiting till after the GBP BoE's Governor Speech at 5pm GMT for a clearer confirmation for the SELL setup.

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Comment

GBPUSD is making its final move to the upside around 1.2400 - 1.2420 where our sell begins. Look out for selling opportunities around that region.

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Trade active

Our buy setup to 1.2400 is still active. Join the train at the zone indicated in the chart below for a ride up to 1.2400 where we are going to look for confirmations to sell GBPUSD.

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Trade active

We are gunning for 1.24000

Trade closed manually

GBPJPY is already set to go down, and I think GBPUSD would do same
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