SELL GBPUSD 1.4058
SL: 1.4088
TP1: 1.4038
TP2: 1.4018
TP3: 1.3998
Signal Analysis by LCMS Traders
Currency Pair: GBPUSD
SELL GBPUSD 1.4058
Timeframe: H1
Step 1 - Previous News: GBP: UK Preliminary GDP negative economic growth, USD: CPI m/m sharp increase in inflation
Step 2 - Trend: Across to Down, Trend Following
Step 3 - Support/Resistance: Moving Towards Support
Step 4 - Indicators
- Bollinger Bands: within
- MACD: fast turning, slow flat
- Stochastic: H4 in over sold
- PSAR: bearish
Step 5 - Upcoming News: GBP: BOE Gov Bailey Speaks tomorrow 0000hrs, USD: Unemployment Claims 2030hrs
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