GBP/USD: A Calculated Short Position at Key Resistance

GBP/USDShortPosition2d ago2 views

Trade Setup

Entry Price

1.2651

Stop Loss

1.2653

Take Profit

1.2646

Risk : Reward

1 : 2.50

RiskReward

Current Market Observations and Technical Stance


My analysis of GBP/USD indicates a market currently operating within a very tight range. With the current price at 1.2651, we observe the pair trading directly below immediate resistance

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