Short GBP/USD 1.6715 (78.6% fib level) & 1.673X (Trend line)
Two possible levels of interest for potential shorts on GBP/USD:
- 1.6715 was previously rejected during the second week of March and is also the 78.6% fib level
- 1.673X is approximately where price will meet the downward trend line if it's hit today, however, the 'real' level is around 1.674X (refer to Feb/Mar rejection levels).
Consider exiting if price closes above 1.6750.
Target 1: 1.654X
Target 2: 1.646X
- 1.6715 was previously rejected during the second week of March and is also the 78.6% fib level
- 1.673X is approximately where price will meet the downward trend line if it's hit today, however, the 'real' level is around 1.674X (refer to Feb/Mar rejection levels).
Consider exiting if price closes above 1.6750.
Target 1: 1.654X
Target 2: 1.646X