FX CHART OF THE DAY: GBPUSD BREAKDOWN RISK
GBPUSD broken below 1st standard deviation of weekly (120-h) mean amid expanding volatility, signaling probability of further downmove.
Traders can pick shorts below or close to the 1st st deviation (at 1.5580) with stops at the weekly mean (1.5605)
The trade will be confirmed if price falls below relevant lows at 1.5550.
Traders should also be aware of calendar news coming out at 8-30 and 14-00 GMT, which can trigger mild volatility on the pair
Traders can pick shorts below or close to the 1st st deviation (at 1.5580) with stops at the weekly mean (1.5605)
The trade will be confirmed if price falls below relevant lows at 1.5550.
Traders should also be aware of calendar news coming out at 8-30 and 14-00 GMT, which can trigger mild volatility on the pair