GBP/USD Short Setup
British Pound/U.S. Dollar FX:GBPUSD
– Breakout of parallel channel
– Confluence: 61.8 fibonacci level rejection on H4 which happens to be my H4 resistance level (1.3210)
– EMAs crossover with price action below supporting bearish bias
– Bearish sentiment on sterling with uncertainty looming over brexit
– Price seems to be heading back towards the 1.3000 psychological level
– 60 pips target with 30 pips stop