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British Pound / U.S. Dollar
Short

GBP/USD Short from Double TOP + 50% Fibo | Breakout coming SHORT

By FOREXN1
Updated
As predicted yesterday the price after a local Double TOP on the dynamic resistance with a rebound on 50% Fibo, started to fall down approaching support of 1.200 where a possible breakout will see the pound dropping down until our possible target. Now the price is under the 50 and 100 Moving average with the Stochastic over the Overbought area and the RSI definitely turned bearish. All these clues are in favor of our Idea about a SHORT Setup.
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âś… INITIAL IDEA

GBP/USD Short from Double TOP and Resistance area | SHORT
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âś… TODAY

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Chart PatternsGBPUSDTechnical IndicatorsTrend Analysis
FOREXN1
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