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Mihai_Iacob

GbpUsd- Bearish continuation?

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
Mihai_Iacob  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators GBPUSD gbpusdshort gbpusdanalysis gbpusdsignal gbpusdtrade gbpusdidea gbpusd_forecast gbpusdsetup gbpusdsell
24
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trendanalysis chartpattern indicator gbpusd gbpusdshort gbpusdanalysis gbpusdsignal gbpusdtrade gbpusdidea gbpusd_forecast gbpusdsetup gbpusdsell
After confirming 1.36 as very strong resistance, GbpUsd has continued its downtrend and has broken also under 1.3430 support.
Now the pair is trading exactly in this support (now should act as resistance) and the recent rise is also a flag pattern.
I expect a continuation to the downside for this pair and 1.3 could be bear's target
Only GbpUsd back above 1.36 would negate this bearish scenario
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