GBP/USD: Short Play Fading Resistance at 1.2655
GBP/USDShortScalp2w ago5 views
Trade Setup
Entry Price
1.2644
Stop Loss
1.2661
Take Profit
1.2602
Risk : Reward
1 : 2.47
RiskReward
Technical Read
GBP/USD is grinding sideways, currently at 1.26406. We're right up against strong resistance at 1.2655, which also sits near the day's high of 1.26547. The 24h change is slightly negative (-0.07%), hinting at some underlying weakness at these higher levels. My read is a rejection
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