GBPUSD Short, possible drop to fib 50%
Entry at 1.22900 (RSI, MACD Crossed down)
Nonfarm Payroll came out positive For US making a big drop, possible area of short is to fib50% level or further to support around 1.20500 area
Note
DXY might pump next week Monday, since it's already hit 104 and dipping on 103 area. Also Fed just came out to say they will take hawkish approach, so it will result in dxy up. GUPUSD/EURUSD (down).Source: Reuters
Dollar jumps as wage growth spurs hawkish Fed bets
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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.