MartialChartsFX

GBPUSD down to 1.3920 - premarket forecast

Short
FX:GBPUSD   British Pound / U.S. Dollar
Expecting GBPUSD to retrace to 1.3920 after rejecting off of resistance that has held price within a daily consolidation range for a couple of weeks now. Maybe price gets enough steam after retracing to break out of the range but it is showing signs of rejection at the top of the range on the daily chart and with a pinbar formed at resistance on the 4 hour chart.
Trade closed: stop reached

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