eirik.kaasa
Short

Cable breakout to the downside

FX_IDC:GBPUSD   British Pound / U.S. Dollar
We are in a long term downtrend. The correction seen in recent months on the daily chart seems to be over due to lower highs and fresh supply being created. Price is also below 200 SMA , 50 SMA and seems unable to break above 20 EMA . The inside candle signals a possible bearish impulse, so I expect a breakout to the downside.
Comment: Bullish action at the moment, but hang in there folks, I still believe it's going down :-)

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