Weekly GBP/USD Outlook: Short Opportunity
GBP/USDShortIntraday2h ago1 views
Trade Setup
Entry Price
1.2648
Stop Loss
1.2655
Take Profit
1.2631
Risk : Reward
1 : 2.43
RiskReward
Technical Analysis
Key support at 1.264 is holding. Resistance at 1.2652 is the target.
Fundamental Context
The macro environment favors short positions on GBP/USD. Keep an eye on upcoming data releases.
Trade Setup
Position sized for 2.5:1 R:R. Will trail stop once in profit.
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