SynapseTrading

GBP/USD (Daily Chart) - Pullback to Resistance Area

Short
FX:GBPUSD   British Pound / U.S. Dollar
GBP/USD has been on a long-term downtrend, and it has recently pulled back to the 50-EMA, which is generally a good resistance area for shorts to come in.

The overall trend is still bearish despite the recent small move up.

Will be looking to short on more bearish price confirmation.

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