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Mihai_Iacob

GbpUsd- to break support

Short
British Pound / U.S. Dollar (OANDA:GBPUSD)  
Mihai_Iacob  
OANDA:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators GBPUSD gbpusdshort gbpusdanalysis gbpusdtrade gbpusdsignal gbpusdidea gbpusd_forecast gbpusdsetup
34
16
trendanalysis chartpattern indicator gbpusd gbpusdshort gbpusdanalysis gbpusdtrade gbpusdsignal gbpusdidea gbpusd_forecast gbpusdsetup
Since 20th August, GbpUsd was trading in an ascending channel
However, 1.39 is very strong resistance, with the pair failing 3 times in this zone.
I expect a break under trend line support and a break under 1.38 furthermore.
Such a break would accelerate losses and expose 1.3730 support
Only GbpUsd above 1.39 would change my bearish opinion.
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