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GBPUSD under NEGATIVE Pressure
GBPUSD
, D
Short
GBPUSD: GBPUSD under NEGATIVE Pressure

As expected the GBPUSD pair moved down as I mentioned in my previous analysis that a valid SELL entry can be offered around 1.30000. More weakness in the pair is expected in the upcoming sessions as bears are entering heavily in the market. GBPUSD is having a negative pressure and price is expected to move down towards 1.28400 area. In the longer term perspective...

Bearish Below 1.30600
GBPUSD
, 60
Short
GBPUSD: Bearish Below 1.30600

Momentum indicators are quite negatively figured. Stochastic is rolling over whereas RSI has entered into the negative territory. Sell near 1.30000 with stop loss just above 1.30600. Target is 1.28400. Good Luck

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