justatrader
Short

GBPPUSD - Looking for support?

FX:GBPUSD   Pound Sterling/U.S. Dollar
277 0 0
On the daily charts , GBPUSD             looks like its finding it hard to move higher. So a likely move down to find good support is quite likely. Switching to H4, we look for short opportunity. Look for price drop below 20SMA and at the same time 20RSI dropping below 55.

We are currently in a buy cycle which looks like its coming to an end.

Targets can be either the sloping Speed Resistance line or the 50% Fib level followed by 38.2% fib level.
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