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Profound_Ambition
Sep 22, 2019 5:44 AM

GBPUSD H4 

British Pound/U.S. DollarFXCM

Description

Price has rejected off key level resistance structure, breaking below 1.25000 whole number. Will be watching for price to test this level once more to see how it will react there for more potential downside to come.

Comment

D1 Timeframe: Rejection off key resistance structure, therefore downtrend is still intact ..

Comment

Weekly Timeframe: Spinning top candlestick closure after rejecting major resistance.
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