GBPUSD is probably entering a correction downtrend, the first target will be 23.8% Fib retracement of recently uptrend, which is around 1.23.
For the trading strategy, a market sell with stop loss at 1.245 and take profit target at 1.23-1.231.
For the trading strategy, a market sell with stop loss at 1.245 and take profit target at 1.23-1.231.
Trade closed: target reached
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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.