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JamesZhang

Short GBP/USD with Broken Structure & 200d's MA

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
JamesZhang  
FX:GBPUSD   British Pound / U.S. Dollar
2
0
  • As you can see from the chart, GBP/USD has recently broken the up-trend support line of lows, and it's pretty similar with what happened Feb 17-21.
  • I am inclined to short it because it's also moving under 200day's MA which is another resistance of GBP/USD.
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