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Short

GBP/USD breaks trend line support, targets 1.5630

FX:GBPUSD   British Pound/U.S. Dollar
758 6 11
GBP/USD             has seen renewed selling interest at 1.5803 and overall trend remains weak for the decline till 1.5615 ( 61.8% retracement of 1.5422 and 1.5930).

It has formed temporary top around 1.5930 and any further bullishness can be seen only above that level.

The minor resistance is around 1.5730/1.5767. Short term major resistance is around 1.5803.

It is good to sell on rallies around 1.5725 with SL around 1.5770 for the TP of 1.5630/1.5615.
Actually it has not broken trend. That only breaks at 1.5606 Its hard to see but its there....
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Agree @Pezq, and we can see some Demand at 1.5675$
Am bearish but.. that situation make me think in long
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VICTORANDRESAMU VICTORANDRESAMU
Daily chart, still bearish in my humble opinion, i expect down in US session, lets see how end today
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pezq VICTORANDRESAMU
here's my chart
snapshot
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dude, u had draw your trendline wrongly
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GBP/USD Mid-Term Analysis Target:1.54580

Agree with you .
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