Weekly GBP/USD Outlook: Short Opportunity

GBP/USDShortIntraday13h ago2 views

Trade Setup

Entry Price

1.2619

Stop Loss

1.2705

Take Profit

1.2404

Risk : Reward

1 : 2.50

RiskReward

Technical Analysis

Key support at 1.2531 is holding. Resistance at 1.2674 is the target.

Fundamental Context

Economic indicators suggest GBP/USD is positioned for a short move in the coming intraday.

Trade Setup

Risk:reward is 2.5:1. Stop loss at 1.2705, take profit at 1.2404.

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