Potential Short on the Cable
The GBP/USD seems to have found a suborn resistance in the medium term at 1.2436. With the US CPI due tomorrow and if this level can hold, there may be a potential selling opportunity in the medium term. Two of the ribbons are also contracting. First potential target 1.2316
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.