11-04-2019 GBP/USD - The cable is approaching major sell area

2019-11-04 13:53:46

We may see dollar retracement as FED has turned to hawkish and stated the FED will not either decrease or increase the rate until it sees a really significant rise in inflation. Also, DXY is approaching major buy area =supported by uptrendline= around 96.60-96.80 which supports GBP short idea.

Entry: 1.30000 + - 10
SL : above supply zone