Weekly GBP/USD Outlook: Short Opportunity
GBP/USDShortIntraday3h ago2 views
Trade Setup
Entry Price
1.2687
Stop Loss
1.2736
Take Profit
1.2566
Risk : Reward
1 : 2.47
RiskReward
Technical Analysis
GBP/USD has formed a strong wedge on the 1-hour chart. Entry near 1.2687 with stop below 1.2736.
Fundamental Context
Economic indicators suggest GBP/USD is positioned for a short move in the coming intraday.
Trade Setup
Entry at 1.2687 with stop at 1.2736 gives a clean 2.5:1 ratio. Target: 1.2566.
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