Sell GBPUSD Channel

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Key Points:

Sell Entry: Consider entering a short position around the current price of 1.2750, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.

Target Levels:
1st Support – 1.2720
2nd Support – 1.2680

Stop-Loss: To manage risk, place a stop-loss order above 1.2810 This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.

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beyondtechnicalanalysisChart PatternsDXYfundamental-analysisGBPGBPUSDgbpusdshortTechnical IndicatorssupportandresistancezonesTrend AnalysisUSDDJ FXCM Index

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