DayTrade: Retracement on the GBPUSD

FX:GBPUSD
After pushing lower, Price is finding some support on the 200EMA and if it cant breakthrough, with divergence setting up on the MACD as well as the squeeze, we might be looking at a quick retracement into the 1.3070-1.3090 where a Downtrend line is set up. of course, this is an against the trend trade so trade with caution. Also, the GBP and the USD will be waiting for the GDP releases today which can cause volatility as well as making this trade void.


Like and Follow to get the latest updated Day trades and Analysis