GBPUSD shorts from last week lows
Login

GBPUSD shorts from last week lows

Estimated Reading Time: 1 minute

Orlando Gutierrez

Updated:
Key Resistance: 1.3888
Key Support: 1.3800

The GBPUSD has been trading inside a short-mid term bearish structure since it retested the 1.40 level back in July 29th and yesterday we saw a bullish move towards last week’s lows.

Looking at the USD  and how it has been rallying a retest of last week’s lows on the GBPUSD (on a 9 day bearish move) is the perfect spot to buy USDs by shorting the Pound-Dollar.

This setups gives us a a great 2R on a retest of the weekly lows.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News