10-14 May GBP/USD sell idea

Last week GBP was rising because of weakness of USD. We hit 1.40 resistance level and fell below. Last time when this happened GU fell to 1.3685. I will sell this with target on channels bottom on 1.38. We're waiting for high volatility next week referring to GDP and a lot of bad news for GBP. Feel free to short this one, but set your stop losses above 1.4020. GL & HF
Fundamental AnalysisGBPGBPUSDTechnical IndicatorssellgbpusdshortgbpusdWave Analysis

Disclaimer