GBP/USD Short

8 дек. 2020 г.

As we can easisly identify GBPUSD has been maintaining its bullish momentum for almost a whole month. It has also recently rejected a major weekly resistance area (1.35000) and is currently consolidating between 1.34000 and 1.33000 with the last one being a strong support area. A shorting opportunity will present itself if the price finally breaks the 1.33000 area and we will be looking at a great risk to reward ration trade with a take profit at around 1.31000 and stop loss at 1.33500.