GBPUSD meets resistance at near 1.47000 and retrace back
Price has tested key resistance level 1.47000 three times and fails to break it. So it may be a short-term short opportunity there with target price 1.44096(FIBO 38.2), and 1.43323(low of 13 May 2016 and lower support line of channel).
Bullish USD after Janet Yellen's speak may also help in this short strategy.
Note: Brexit memorandum is around the corner, strict stop loss policy is needed.
TRADE IDEA:
SELL at high near 1.46600 if strong bearish candle is seen in H! or H4 chart
SL : above the bearish reversal
TP 1 : 1.44096
TP 2 : 1.43323
Bullish USD after Janet Yellen's speak may also help in this short strategy.
Note: Brexit memorandum is around the corner, strict stop loss policy is needed.
TRADE IDEA:
SELL at high near 1.46600 if strong bearish candle is seen in H! or H4 chart
SL : above the bearish reversal
TP 1 : 1.44096
TP 2 : 1.43323
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