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AngelaFTrading

GBPUSD may still have one more leg down.

British Pound / U.S. Dollar (FX:GBPUSD)  
AngelaFTrading Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns
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trendanalysis chartpattern
The pair broke down the support trendline after failing to break the resistance area at 1.2760. Pair might retreat back to 1.2660 and bounce from there or continue the drop.
Comment:
Price bounced right at the orange support area. +25 pips for those who sold.
Comment:
We now watch the price action. If it doesn’t break the 1.2660 support, we will take entries to long.
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