ForexTrendline

Be careful when selling the GBPUSD!

FX_IDC:GBPUSD   Paun British / Dolar A.S.
Last week we expected a downfall

It's now completed and the direction remains the same. However price is near a daily support which could reverse the market!
That's why be careful when entering new short positions and make sure to move stops on your previous ones.

We expect price reaching 1,3670 and maybe even lower, however we do not recommend entering short positions at those levels.

We will be watching out for a possible reversal throughout this week and we will keep you informed!

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