British Pound / U.S. Dollar
Short
Updated

Bearing selling pressure to fall to 1.3460 (Fibo 1.618)

82
🔔🔔🔔GBP/USD news:

➡️ GBP/USD remains under pressure, moving closer to 1.3500 after the US market opened on Tuesday. The US dollar was supported by stronger-than-expected Durable Goods Orders and Consumer Confidence data, making it difficult for the pair to gain traction

➡️ Early in the week, a much weaker US dollar - amid growing concerns about the country's fiscal outlook - helped lift the GBP/USD pair. However, the pair fell as the dollar recovered on renewed optimism that the US and EU will reach a trade deal in the near future

Personal opinion:
➡️ GBP/USD remains under selling pressure in the near future, watch for technical recovery zones to be able to sell at good prices

➡️ Analyze based on important support resistance levels and Fibonacci combined with EMA to come up with a suitable strategy

Personal plan:
🔆Price Zone Setup:

👉Sell GBP/USD 1.3520 – 1.3530
❌SL: 1.3570 | ✅TP: 1.3460

FM wishes you a successful trading day 💰💰💰
Trade active
snapshot
trend is going as planned
Hit + 50 pips from sell 1.3520
GBPUSD is entering oversold territory and watch out for reversal
Trade closed: target reached
plan completed
hit +60 pips

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