GBP/USD
Strategy: Short at 1.5765, Targeting 1.5291
Weekly Profit / Loss: +310 pips
Total Profit / Loss: +387 pips
We initially sold GBPUSD at 1.5765. Prices are now pushing through near-term support at the bottom of a falling channel established from the swing high in mid-November having re-tested major support-turned-resistance at the 1.58 figure and we will remain short, continuing to target 1.5291. A stop-loss will be activated on a daily close above 1.6000.
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