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wickywicks

GBPUSD Might be caught by BEARS.

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
wickywicks  
FX:GBPUSD   British Pound / U.S. Dollar
Technical Indicators Trend Analysis Chart Patterns gbpusdshort GBPUSD
14
6
indicator trendanalysis chartpattern gbpusdshort gbpusd
GU has currently been trapped in bearish channel as illustrated above. On lower timeframe it has broken the falling wedge and currently retraced back as well.
If that bearish channel or lower trendline holds then we can go LONG else wait for the breakout confirmation and go SHORT till 1.16.
Hope it might help you somehow. :)
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