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MarcellusLUX

GBP/USD reaches resistance, possibility of a drop?

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
MarcellusLUX  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis GBPUSD gbpusdshort gbpusdsignal gbpusdanalysis gbpusdtrade gbpusdidea gbpusd_forecast
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trendanalysis chartpattern beyondta gbpusd gbpusdshort gbpusdsignal gbpusdanalysis gbpusdtrade gbpusdidea gbpusd_forecast
GBP/USD has reached the 1.40 resistance level on Friday, However, it has not broken
the resistance level so far.
So, there is a possibility of a fall in GBP/USD.

If bearish price action happens in the resistance level, sell GBPUSD@1.3990-1.4005
with SL above the resistance zone and TP at 1.39.
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