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The Pound Continues Its Decline

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
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FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators GBPUSD pound britishpound dollar DJ FXCM Index Forex trendtrading sublimetrading
9
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trendanalysis chartpattern indicator gbpusd pound britishpound dollar usdollar forex trendtrading sublimetrading
Last post: See link below.

Review: Price was finding support at the 1.2000 round number.

Update: Price attempted to break through support but is currently trading back above support but still below 1.2000 round number.

Conclusion: We want to see if price will close below the round number and the support low of 2016 which will indicate further weakness in this forex pair.

Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!

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