GBP/USD: Short in the 0.382% Fibonacci
Great Britain Pound/U.S. Dollar look bearish in H1 timeframe, what we could to have another opportunity to short Sterling Pound.
For tomorrow, we have a economic news in UK economy that it's about UK Average Earnings Index + Bonus what depending the result, will define the trend in short timeframe, but we expect to raise 4.5% in the forecast vs actual 6.2%.
Also, as key factor it's that Chinese economy it's in the drag to take note in this fundamental news.
This it's the H4 and I expect that Sterling Pound continue drop in front of U.S. Dollar, also, we're in the important point to note in H4 and apply in my analysis here. And also, we pass the opporutnity that we would have to short GBP/USD from 0.618% fibonacci, but the price can to give us another opportunity to short GBP.
i put a sell order limit to $1.2088 USD in the 0.382% fibonacci, Stop Loss to $1.2131 USD (42 pips) and take profit to $1.1988 USD (100 pips)
Good luck!!!
For tomorrow, we have a economic news in UK economy that it's about UK Average Earnings Index + Bonus what depending the result, will define the trend in short timeframe, but we expect to raise 4.5% in the forecast vs actual 6.2%.
Also, as key factor it's that Chinese economy it's in the drag to take note in this fundamental news.
This it's the H4 and I expect that Sterling Pound continue drop in front of U.S. Dollar, also, we're in the important point to note in H4 and apply in my analysis here. And also, we pass the opporutnity that we would have to short GBP/USD from 0.618% fibonacci, but the price can to give us another opportunity to short GBP.
i put a sell order limit to $1.2088 USD in the 0.382% fibonacci, Stop Loss to $1.2131 USD (42 pips) and take profit to $1.1988 USD (100 pips)
Good luck!!!
Related publications
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.