Short

GBPUSD Sell option H&S

Updated

British economic reports coming out today will be worse than expected, which will increase the pressure on the pound.

Note

Today will be data on consumer prices, retail sales and the labor market. These indicators are calculated for the whole of June, so they do not fully reflect the implications of the UK decision, but if they are weak, this will increase the market's concerns about the current state and prospects of the British economy.

Trade active

USD Building Permits / Housing Starts confirmed an entry short with targets at 1.3150, 1.3100 and 1.3050

Trade closed: target reached

MANOLIS

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GBPUSD a possible H&S setup Short Term BUY / Long Term SELL

by MANOLIS

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