Short GBPUSD @ 9am GMT

Presently price is about to hit the 45 mins resistance. I have 2 reasons why the GBP will fall.

1) With the upcoming Retail sales (9:30am GMT) and T. May potential resignation news, i expect GBP to fall.

The DXY and trade war doesnt do the USD any favours but considering the GBP current state, i believe the GBP will fall.

2) The traders sentiment is long as more retail traders are taking long position and this strengthens my position that GBP will fall.


Please use S/L: 1.274 and TP:1.260

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