jackmyattFX

GBPUSD- BEARISH AND BULLISH VIEWPOINTS HERE!

FX:GBPUSD   British Pound/U.S. Dollar
684 1 21
BEARISH VIEW!
-WEEKLY MA DOWN
-DAILEY MA STILL BEARISH ALSO
-436 MA DOWN
-A,B, POSSIBLY C SHOWN HERE AT FIB 0.618 RETRACEMENT
-REJECTED FROM THIS ARE SIGN OFSHORT
-CONSTANTLY BOUNCING OF THE TWO TRENDLINES HERE.
-STILL IN A BEARISH TREND
-KNOCKED ITS HEAD ON WEEKLY RESISTANCE 1.5260

BULLISH VIEW!
-BREAK OF THE COUNTER TRENDLINE
AND CLOSE ON DAILEY COULD BE A BULLISH SIGNAL.
-4H TO THE UPSIDE
-BREAK OF DAILEY RES FURTHER BULLISH
CONFLUENCE.
-BREAK PAST THE 1.5380 MARK IS A CLEAR BULLISH
SIGNAL
Looking bearish at the moment if this trendline holds as historically its strong then we could be entering for a short!
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