ew-forecast
Short

GBPUSD : More Weakness Is Expected After Temporary Pullback

FX:GBPUSD   British Pound/U.S. Dollar
GBPUSD             has turned sharply lower in the last few days from the neckline resistance and 61.8% Fibonacci retracement level. A turning point down is very sharp that also took out the lower support line of a corrective channel that puts bears in play. That said, traders must be aware of a continuation down to 1.5000 psychological level this week.

Our past updates on this pair :
GBPUSD : Bears In Play


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