akyong

GBPUSD: Continue falling

FX:GBPUSD   British Pound/U.S. Dollar
130 2 3
Similar to EURUSD             , the Pound is sliding downwards at the moment, forming a series of lower lows and lower highs. Should price come back and retest the 1.4875 region, it would be a decent shorting opportunity to ride on the down trend, with stops just above the 1.4895 level and target around the 1.4650 level.

I would love to hear your opinion, feel free to comment, agree or disagree.

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KY
Chief Currency Strategist
Alpha Play Forex Trading School - www.alphaplay.com.sg
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moneymaking
2 years ago
Hey akyong, I also agree with you on this pair. This is a similar situation to eur/usd pair. Also looking for short opportunities after pullbacks. Thanks for sharing and Good luck!!
+1 Reply
Yahia.Awes moneymaking
2 years ago
We might get a higher pullback at wednesday. Don't forget the fomc meeting...
Reply
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