Short GBP/USD 1.6715 (78.6% fib level) & 1.673X (Trend line)
Two possible levels of interest for potential shorts on GBP/USD:
- 1.6715 was previously rejected during the second week of March and is also the 78.6% fib level
- 1.673X is approximately where price will meet the downward trend line if it's hit today, however, the 'real' level is around 1.674X (refer to Feb/Mar rejection levels).
Consider exiting if price closes above 1.6750.
Target 1: 1.654X
Target 2: 1.646X
- 1.6715 was previously rejected during the second week of March and is also the 78.6% fib level
- 1.673X is approximately where price will meet the downward trend line if it's hit today, however, the 'real' level is around 1.674X (refer to Feb/Mar rejection levels).
Consider exiting if price closes above 1.6750.
Target 1: 1.654X
Target 2: 1.646X
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.