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salty_sailor

GBPUSD - Brexit continues to push the economy down.

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
salty_sailor Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Chart Patterns Trend Analysis
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chartpattern trendanalysis
My play is to short after the break of the 4-hr 200 EMA down to the 1.2842 50% Fib level. Keep a wide stop as we likely will see a bit of elasticity before a full break.
Comment:
GBP taking a beating from USD! The RSI is over extended and looking for a small bounce off the Fib level after the RSI touches back into the range. We are looking for short with a profit target at the next fib level.
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