GBP/USD Sell trade update: 100 Pips booked; more to go

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영국 파운드/미국 달러 (FX:GBPUSD)

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FX:GBPUSD 영국 파운드/미국 달러

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GBP/USD retested the broken support zone and as I mentioned in my previous idea, GBP/USD Started dropping after retesting the broken Support area. Currently the sell from the broken support level is running with 100 plus pips profit and I expect the downtrend to continue.

GBP/USD retests broken support; Sell Continuation Expected

Fresh sellers can enter new sell trades on pullback and ride the next bearish wave till 1.23.

If US Dollar strength continues amid rising geopolitical risks, then I expect GBP/USD to hit 1.21 within the next 2-3 weeks.

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