Short

GBPUSD Sell Trade Idea based on S and R

Updated

Based on support and Resistance, I project GBPUSD to get to the support of 1.2617. My resistance points stands at 1.2806. Additioanly, the trend line shows a downward movement. However, I expect several retracements for selloff with the ongoing happenings in the UK.

SL: 1.2615

TP1: 1.2707
TP2: 1.2617

Note

I took profit at 1.2716, and the price seems to be back at our entry at the resistance point of 1.2806.

Orhis

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