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KaltoireCapital

GBP/USD retests broken support; Sell Continuation Expected

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
KaltoireCapital Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis GBPUSD gbpusdshort gbpusdlong gbpusdsignal gbpusdanalysis gbpusdidea gbpusdtrade gbpusdsetup
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trendanalysis chartpattern beyondta gbpusd gbpusdshort gbpusdlong gbpusdsignal gbpusdanalysis gbpusdidea gbpusdtrade gbpusdsetup
GBP/USD retests broken the broken support area but failed to break upwards. This could be a S/R Flip trade and I expect a continuation of the downtrend.
The best approach to trade GBP/USD is to keep selling the rallies and target 1.23 as short-term TP.
Comment:
Another retest of the broken support zone

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