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JayanVarsani

GBP/USD - DESCENDING CHANNEL | ONE MORE LEG DOWN?

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
JayanVarsani Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators Forex Currencies USD EURUSD GBPUSD EURGBP AUDUSD DXY GBPJPY
6
0
trendanalysis chartpattern indicator forex currencies usd eurusd gbpusd eurgbp audusd dxy gbpjpy
VERDICT: Local top reached in the descending channel. Local reversal expected to progress towards the next support level of {1.2160}
Comment:
snapshot
Looking for alternative short entries. Descending channel invalidation. Downtrend still intact. Downtrend invalidated when {1.2530} is breached.
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