short GBPUSD

short GBPUSD


Fundamentals:- After yesterdays week CPI             reading from the UK we can expect the GBP to weaken further against the USD. A rate hike from the US is likely sooner rather than later and although the dollar is still quite high we can expect strength until the rate hike happens.

Technicals:- there is a good support come resistance level at 13393 – 13400 where I would expect to see the uptrend stall and reverse.

sell limit 13393
stop loss 13440
take profit 13300