Forex Trading Signal – US Dollar Falls
The US Dollar Falls
The US Dollar fell after reports of Persian Gulf states and countries including Japan, Russia and China discussed dropping the U.S. currency for oil trades.
Technically, the most important resistance is at 1.6022 and 1.6123. If this resistance is broken, the GBPUSD will climb to 1.6199.
The Trading Signal for GBPUSD is as follows:
GBPUSD Short Position
Short Position at: 1.5990
Stop Loss at: 1.6060
Take Profit at: 1.5894 / 1.5840 / 1.5774 / 1.5746
OP, SL & TP at YOUR OWN RISKS
Forex Trading is a very risky trade and if you decide to trade, kindly note that you trading at your own risks. You Open Position, Take Profit and put a Stop Loss at Your Own Risks. We hold no responsibility for any losses or damages incurred.
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