GBPUSD Short Fundamental + Technical Analyze
Updated
Fundamentals: This weeks GBP PMI coupled with USD Unemployment claims and Core PCE has sent the Dollar rallying while GBP has been in some consolidation until today.
Technical: From a Technical point GBP broke the Bearish Trendline at the same time the Dollar was rallying from news, GBP later retraced some of the sell off and retested the Bearish Trendline it broke earlier which is where the short opportunity become available. Target around a 1% move or check to see when the Dollar takes out its high around 106.5
Technical: From a Technical point GBP broke the Bearish Trendline at the same time the Dollar was rallying from news, GBP later retraced some of the sell off and retested the Bearish Trendline it broke earlier which is where the short opportunity become available. Target around a 1% move or check to see when the Dollar takes out its high around 106.5
Trade closed: stop reached
a hard time breaking higher after open on sunday let me know to exit before the big dump
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