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glazinghon

GBPUSD [ SHORT - TERM ]

Short
British Pound / U.S. Dollar (FX_IDC:GBPUSD)  
glazinghon Updated   
FX_IDC:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Support and Resistance Trend Lines
4
1
trendanalysis supportandresistance trendline
Expecting prices to respect trendline with target at 1.27 for the short term.

Note that USDX is currently on a trendline and might find support, in which case GBPUSD could find itself going lower.
Trade closed: stop reached:
USDX moving back down to wick support, will be looking to re-enter again if trendline holds
Comment:
Accompanied with back to back good news coming from US, USDX held its trendline.

Will be keeping a lookout for more opportunities in the market.
Especially in the precious metals, when S&P is dumping as well
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