GBPUSD I've called out successful short signals for this pair. Technicals signal more shorts as price hits resistance at price 1.32262. Now, based on the US economy and how Britain is doing. I strongly believe this pair has the potential of rising and will fake many traders into thinking it is going short. Overall, this pair is not shorting long term.
Resistance level and price rejected at 1.31891. GBPUSD already forming lower lows potential downtrend on Daily chart. One more lower low will confirm downtrend trendline. My 1st TP is actually my 2 TP. Price may also not react till this Sunday into Monday.
GBPUSD daily chart rejecting resistance level 1.33829 and making a lower low at 1.32729. This is a major sell zone. Price is showing resistance towards the buys and major wick rejection towards going long near both targets.
Best entry zone is 1.32819 to 1.32547. What you guys think?
