GBP/USD 4H SHORT
GBP/USD May fall 50-70 pips
Insight - Price hit resistance at 1.1808 and is likely to hit support at 1.1434. The downwards trend line has not been broken so price is likely to continue downwards.
Intraday - 4H
Trade: Sell
Entry: 1.1703
Sell or Below 1.1808
Target TP: 1.1618 & 1.1432
Pivot and Support 1.1434
Alternative scenario:
Trade: Buy
Buy or Above: 1.1807
Target TP: 1.2046 & 1.2226
Insight - Price hit resistance at 1.1808 and is likely to hit support at 1.1434. The downwards trend line has not been broken so price is likely to continue downwards.
Intraday - 4H
Trade: Sell
Entry: 1.1703
Sell or Below 1.1808
Target TP: 1.1618 & 1.1432
Pivot and Support 1.1434
Alternative scenario:
Trade: Buy
Buy or Above: 1.1807
Target TP: 1.2046 & 1.2226
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