FXHighway

GBPUSD holds below the major resistance

Short
FX:GBPUSD   British Pound / U.S. Dollar
1
Target: 1.5340
Risk: 1.5805

Technical Reasons:

The price stability below the descending channel’s resistance, and negative pressure from the exponential moving average 50.

Stochastic is negative now, and breaking 1.5545 will offer the strongest negative motive to support the waited decline.



https://www.facebook.com/fxhighwaycom
https://twitter.com/fxhighwaycom
https://plus.google.com/u/0/105427315961...