TomProTrader

#GBPUSD-Update: Time For Continuation Short To Long Term Target!

FX:GBPUSD   British Pound / U.S. Dollar
105 0 12
Traders,

Update: Pair closed nicely yesterday offering a nice bearish engulfing signal. The pair could see more bearish activity this week if the bear engulf signal confirms. The pair is offering a good opportunity to be taking shorts in the markets to the lows of the range. There is a long term measure move of previous impulse to reach, and this continuation move could be responsible for price hitting this target. If price breaks the daily range it would confirm a nice minor breakdown, igniting the move to take the pair to target.
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