FXTechstrategyTeam

GBPUSD: Risk Points Lower On Correction

Short
FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD: GBP continues to look vulnerable to the downside on correction with more decline envisaged. On the downside, support lies at the 1.5550 level where a break if seen will aim at the 1.5500 level. We look to sell this pair at:

Strategy: Sell at 1.5632, Stop loss at 1.5700, Price target at 1.5532 & 1.5460

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