Possible short GBPUSD as at 30.08.2018

Good morning to all. I am proposing a short idea from the current levels. The Ichimoku indicator is clearly bearish and the line indicated seems to be a good resistance where just in these hours the daily candle has been controlled.

I will be placing a very narrow stop with a net close above the line just mentioned (about 1.3). As the first target I will have the previous minimum if not even lower.

I'm not used to being influenced by geopolitical news in forex as I prefer the use of technical analysis only but in this case it seems that even the news is in favor of the dollar as well explained by Christian in the previous article.

 

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Article produced by Alessio Alberini

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