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ally4231
Dec 6, 2019 4:43 AM

GBPUSD short after NFP Short

British Pound/U.S. DollarFXCM

Description

Based on my analysis, bullish momentum will continue after NFP news given that there is little resistance for most USD pairs such as GU.
I am seeing resistance when it reaches around 1.323xx-1.328xx area.
Bullish momentum is clearly exhausted.
If we check the period of March 18-25 2019, we could see that there is a huge volume of sellers.

I am selling at around 1.326xx-7xx and i already have my limits placed.

Trade safe.

Comment

Still vaild.
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