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British Pound / U.S. Dollar

High risk to reward short swing trade

71
GBPUSD
Looking at the price action and 200 ema rejection on the weekly coupled with the record -20.4% GDP I see a good short here.

target is somewhere in the 1.25s as this is the 61.8 retracement zone from GBPUSDs recent impulse push.
One100fish
Chart PatternsFundamental AnalysisGBPUSDgbpusdshortmacroTrend Analysis

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Chart PatternsFundamental AnalysisGBPUSDgbpusdshortmacroTrend Analysis
One100fish

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.