Invezted

Gbp/Usd Roadmap for 25.06.15

FX:GBPUSD   British Pound/U.S. Dollar
221 0 5
Context:

price is still in a decline as seen on the series of lower highs and lows , we currently trade at
the 50% mark of the last downswing + near the supplyline , if price breaks this level we might
test the brokne support now resistance at 58115 again . any rejection at this level will bring us down to 56750 respectively 55600

Trading opportunities:
Long:

breakout + pullback at 57350 50% mark
reversal at minor support 56750

short:
reversal at supplyline respectively the 50% mark at 57350
reversal at broken support now resistance 58115


Signs of strength:
minor support


Signs Of weakness:
downtrend


Support:
56750
55600


Resistance:
57350
58115


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