GU Short (2/11)

( GBP/USD Trade Setup): Last week we saw a break of 1.3 which is a huge technical level for GU that we wanted to be patient and watch before entering. Pressure is currently to the downside. This follows 5/6 of the economic data points coming in lower than expected for the pound. Events like these can be monitored in real time at the very bottom of our traders dashboard.

My target for this week is 1.2750, approx. +154 pips to the downside. My entry will be determined soon, depending on the price action around these levels (including the descending trend-line and previous support turned resistance (light-blue zone)

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