Rocketman

GBPUSD falls, but not across the board...

FX:GBPUSD   Pound Sterling/U.S. Dollar
59 0 5
GBP is falling but not across the board. This is due to China strength andUS dollar strength in their respective currencies.

Although only GBPUSD             and GBPCNY             has falling by themselves, the GBP index is testing the backside of a broken trendline:
snapshot
So, there is a probe for resistance.

The GBPUSD             fell right into the area where I take shorts and has penetrated the counter trendline .

It will pause here at 61.8% or contune down next week:
snapshot


I do my update over the weekend...so, I am taking a break after this.

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