GBPUSD - Bearish building a Cypher pattern
We look to Sell at 1.0953 with targets of 1.0790 & 1.0760 and a stop of 1.0983
Continued downward momentum from 1.1020 resulted in the pair posting net daily losses yesterday. Intraday, and we are between bespoke support and resistance 1.0888-1.0954. Expect trading to remain mixed and volatile. The 50% Fibonacci retracement is located at 1.0953 from 1.1018 to 1.0888. Preferred trade is to sell into rallies.
Continued downward momentum from 1.1020 resulted in the pair posting net daily losses yesterday. Intraday, and we are between bespoke support and resistance 1.0888-1.0954. Expect trading to remain mixed and volatile. The 50% Fibonacci retracement is located at 1.0953 from 1.1018 to 1.0888. Preferred trade is to sell into rallies.
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