GBPUSD Going south (short) to test the trend line
Updated
GBPUSD, in my opinion, is Going south (short) today to test the trend line a very good short position was from 3375- 3380 first target is around 3325- 3310 where price is going to touch an test the trend line. SL could be placed on the 3395 - 3400 . Your comments and feedback are highly appreciated. Good luck all.
Note
It played nicely and price has reached our target level exactly at 3325-3310 where it was anticipated to test the trend line. Now price is at the trend line and it could hold and goes up to 3370 or break the trend line today and continue south to 3280-3370 level which as shown in the chart. This level has established a support that pushed the price up to new high at 3396 and is also the 0.23 fib of the uptrend movement which started in the begging of this month. Wish you all happy trading.
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