GBPUSD Weekly Plan

FX:GBPUSD   British Pound / U.S. Dollar
Hello Traders,

Hope you all are doing good!!

This is the current week plan of AUDUSD pair.

My Bias is SHORT for this pair due to below reasons:

1) Price got rejected by daily 200MA.
2) Price got rejected by Weekly Resistance line.

Watchout for the Bearish Signal after breaking the below trendline.
The first TP will be at .38% Fib Retracement of June end Up move which lies around 1.25100.
We will watch for the price action at this point. If broke further the next target will be 0.5% Fib retracement which is around 1.24600

Please follow and like if you agree or this idea helps you out in your trading plan.

Disclaimer: This is just an idea. Please do your own analysis before opening a position.


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