1877
Short

GBPUSD Daily

FX:GBPUSD   British Pound/U.S. Dollar
33 0 1
Following up on the last chart. Here's a daily of GBPUSD             . We've broken below the daily uptrending pitchfork after failing to reach the median line and also breaking below the Trading Range volume point of control. Bounced of minor swing support and the pitchfork warning line. A poor lack of demand retest of the VPOC would be the perfect short entry for a strong leg down and realization of the possible distribution above the TR             VPOC. Though the rally was strong off the the level, I continue to think that we're going to test the VPOC of the trading range and make a move down to a major swing low. If this is the case, GBPUSD             should stay within the new downtrending red pitchfork slope.
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