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$GBPUSD - British Pound Gets a PoundingAs patience grows thin on PM Theresa May's tenure and Brexit deal, global traders have put a beating on the British Pound, sending the $GBPUSD to fresh new lows for the year. To add more fuel to the fire, on a technical level, prices remain firmly below the 10-Day EMA without any sign of a reversal. With a political crisis looming, we see more downside for the $GBPUSD, with the currency pair trading as low as $GBPUSD 1.25 in a few weeks time
Short
by EconomicsGlobal
Possible short Position GBP/JPY!!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1 Day Actions on - A – Activating Event Currency Pair creating a Double Top . B – Beliefs Market will be rejected at @145.500 level and move towards the first Target 1 level @ 144.500 level. FX:GBPJPY Trade Management Entered @ Still waiting for confirmation. Stop Loss @ Still waiting for confirmation. Target 1 @144.500 Risk/Reward @ 2:1 Happy trading. Will let you know closer to the time if or when executed:) Follow your Trading plan, remain disciplined and keep learning !! Please Follow, Like,Comment & Follow Thank you for your support :) This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Short
by SMPTrader