GBP/USD: Brearish Outlook.
GBP/USD Pair is looking bearish. That's why I still looking for short postion in this pair. 1.4980 - 1.5010 zone is behaive lika a strong resistance for this pair and 1.4850-1.4840 zone is behaive like as strong support for this pair. If break this pair I hope our next target is 1.4698 level, 1.46330 level and 1.44890 level. I hope this pair touch those level.
We can take short position between 1.4980-1.5010 zone and out stoploss is 1.5080 or 100 pips. Or we can take short positon after break this 1.4850-1.4840 zone and out stoploss is near swing high point or 50 pips. Lets see what's happen.
Best of luck and happy trading.
We can take short position between 1.4980-1.5010 zone and out stoploss is 1.5080 or 100 pips. Or we can take short positon after break this 1.4850-1.4840 zone and out stoploss is near swing high point or 50 pips. Lets see what's happen.
Best of luck and happy trading.
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