MattViv

GBP Further to go

Short
FX:GBPUSD   British Pound / U.S. Dollar
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Opening short at the 20MA level with a tight stop loss just above it as this has been acting as strong resistance for the duration of this down movement. I believe there is further downward movement to be had with the Daily RSI low at 17, this is still not as low as the Sept 14 reading of 13.
Weekly Chart RSI has only just gone through 30.
2009 low hit 1.35

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