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MarcellusLUX
May 12, 2021 6:02 AM

GBP/USD in resistance level, possibility of a sell trade Short

British Pound/U.S. DollarFXCM

Description

GBP/USD went up quite strongly over the last few days but yesterday, the bulls
took a breather. The rally stopped at a familiar resistance level and based on the
current price action, there is probability of a further drop.

The short-term support at 1.4105 needs to break for the downtrend to accelerate.

If this weakness continues, selling GBP/USD@1.4122-1.4150 with SL above 1.4240
and TP at 1.3950 is potential sell signal.
Comments
financialflagship
Great analysis, thanks for sharing 😊
Henry_Ross
Nice chart mate!!!
smnjokanyamu
Gbpusd trying not to go down
emillyricci
This gbpusd has proved to be a tough nut so far
NJOGUFX
so treu
Helical_Trades
Great one dear
jojofang0901
yup playing out as expected from you :) thx
Endriti0808
Nice analysis. Waiting for this drop since Monday as per your signal in channel
skyleigh
Good technical set-up
adeel200020
Very helpful. Thank you
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