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Short

GBPUSD - Recent Structure broken

FX:GBPUSD   British Pound/U.S. Dollar
428 6 9
Greetings Fellow Traders,

GBPUSD             has broken an intraday consolidation strength, hinting strongly at more downside for the GBPUSD             pair.

However due to the nature of this consolidation it looks possible for a run up to the bearish strength from highs last week around 1.4470.

Shorts are recommended with GBPUSD             unless a break and confirmed close above 1.4480 is seen.

Feel free to comment/like/follow

Comment:
GBPUSD - A change of heart
Please see the GBPUSD update after Tuesday's trading. Bulls are now in play, not Bears.
I was just looking at this. And just about then receive your confirmation. Great call as always.
+1 Reply
Synapse forexmech
Thanks forexmech! Good eye if you spotted it
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Looks a lot like USDJPY 1h chart before the drop.
+1 Reply
Great! Got it already ;)
+1 Reply
Synapse McKuz
Excellent - Looks like both areas provided at least minor profits. Currently we may be on the verge of a slightly Bullish GBPUSD as the structure indicated may be breaking on higher time frames. Something to look at for the end of trading today.
+1 Reply
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GBPUSD - A change of heart
New GBPUSD update, Bulls are incredibly likely for Wednesday now, not bears.
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