GBP/USD 4H SHORT Short

British Pound / U.S. DollarFOREX.com

Description

⋅ Mar 22, 2020 8:47 PM

GBP/USD May fall 100+ pips
Insight - Support has held at 1.1434 causing price to reverse upwards and push the downwards trend line out further. Due to recent fundamental events, this could see GBP drop further

Intraday - 4H
Trade: Sell
Sell or Below 1.1434
Target TP: 1.1296 & 1.1133

Alternative scenario:

Trade: Buy
Buy or Above: 1.1434
Target TP: 1.1808 & 1.2039
Pivot and Support 1.1434