AlexxChan
Short

GBPUSD continues lower

FX:GBPUSD   British Pound/U.S. Dollar
With GBPUSD             breaking pass 1.39426, (an area acting as high level of support). The sterling seems like it is on track towards breaking its 2009             low. Right now I expect the pair to retrace back up to around 1.39200 before heading down lower to around 1.37800
Comment: Good time to short?
snapshot
Comment: Sterling currently hovering above trendline. There's a possibility that it may go higher.

snapshot
Comment: New Play
Pennant forming on GBPUSD
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