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Friday's Bearish Daily candle shows GBPUSD might drop below 1.20

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Paun British / Dolar A.S. (FX:GBPUSD)  
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FX:GBPUSD   Paun British / Dolar A.S.
Trend Analysis Chart Patterns Beyond Technical Analysis GBPUSD gbpusdshort gbpusdsignal gbpusdtrade gbpusdanalysis gbpusdidea gbpusdprediction gbpusdforecast
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trendanalysis chartpattern beyondta gbpusd gbpusdshort gbpusdsignal gbpusdtrade gbpusdanalysis gbpusdidea gbpusdprediction gbpusdforecast
GBPUSD seems to have reversed from the 1.2470 area. There were multiple rejections at this level on the daily chart and the bulls couldn't breach this level.
Currently, the price has dropped below the all-important 100 hour EMA, which is a short-term indicator of the trend.

So, we are back to the Bearish Territory.

As per my analysis, GBPUSD might continue to drop till 1.1950 and even more.

So, my trading plan is to sell GBPUSD@1.2280-1.2350 with SL above 1.2470 and TP at 1.1950.

Disclaimer: This is just my personal trading plan and not a signal of any kind.
Dagangan aktif:
Sell active at 1.2320
Komen:
100 pips profit!! I hope you guys also looked at my GBPJPY Sell Signal

Idea Berkaitan

TraderAvDM
GBPUSD can drop below 1.20
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