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GBPUSD Weakness Continues

Short
British Pound / U.S. Dollar (OANDA:GBPUSD)  
BluetonaFX  
OANDA:GBPUSD   British Pound / U.S. Dollar
Support and Resistance Parallel Channel Moving Averages GBPUSD marketanalysis priceactionanalysis shortsignal forexsignals chartidea gbpusdidea signals shortsetup
15
0
supportandresistance parallelchannel movingaverage gbpusd marketanalysis priceactionanalysis shortsignal forexsignals chartidea gbpusdidea signals shortsetup
Hi Traders!

GBPUSD continues its bearish outlook, and further downside momentum looks very likely.

Here are the details:

The market is trending down, with longer swings consisting of lower highs and lower lows. The previous support level of 1.26034 has been broken, and the market may go back to below the 1.25000 level.

Preferred Direction: Sell

Entry Level: 1.25772

Stop Level: 1.26213

Target Level: 1.24890

Technical Indicators: 20 EMA

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Trade safely and responsibly.

BluetonaFX

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