1. 22 Nicosia Aven. , office 202, 2018 Strovolos, Nicosia, Cyprus, www.yesfx.com.cy
Tel: 70002215 Fax: 70002216 info@yesfx.c om.cy
Trader’s Name: Jong Ming Yew Time-frame: 1 hour Date: 1/May FX Pair: GBP/USD Time of analysis: 4.00pm GMT+8

2. 22 Nicosia Aven. , office 202, 2018 Strovolos, Nicosia, Cyprus, www.yesfx.com.cy
Tel: 70002215 Fax: 70002216 info@yesfx.c om.cy
Main Support Levels: S1: 1.5324 Main Resistance Levels: R1: 1.5416
S2: 1.5268 R2: 1.5456
S3: 1.5230 R3: 1.5480
Comments/Strategy:
First of all, daily chart seems very bearish. Then we have double top H&S formation on both H4 and H1 timeframe which makes i t
extremely bearish, it might signal a short to medium term trend reversal. Go to min15 chart and try to get the best entry,
pending sell order can be set around the pivot at 1.5369. Market sell order can be initiated any time around the London session (4pm GMT+8).
SL is set around the first resistance 1.5416 and TP is set around the range daily low. The GBP news that comes out at
4.30pm (GMT+8) might be the trigger to the move down after maybe a short spike up.
Entry Level for Short positions: ……1.53818……… Stop loss: ……1.54154…….. Take profit: …………1.52303…………