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zcsniper
Jan 5, 2017 5:02 PM

$GBPUSD spikes to 1.242 but loses momentum Short

British Pound/U.S. DollarFXCM

Description

FX_IDC:GBPUSD jumped up to 1.242 with little to non momentum leftover. we should see the price start decaying back to its old resistance / new support around 1.232 - 1.234

Trade active

still active, stalling around 1.242, will keep an eye on the sheets and see what comes before close.

Trade active

market is moving down, this was the momentum drop I was waiting for earlier but I guess we needed to see what the other part of the world wanted. Keeping it active until morning for the possibility of hitting our TP

Trade closed: target reached

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