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JohnFortune

GbpUsd - Further Declines Expected After BofE Data

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
JohnFortune  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Wave Analysis GBPUSD GBP USD pounddollar Forex forexsignals Technical Analysis technical_analysis gbpusdshort
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trendanalysis chartpattern waveanalysis gbpusd gbp usd pounddollar forex forexsignals technicalanalysis technical_analysis gbpusdshort
GBPUSD sold off heavily last week after Bank of England data breaking key support at 1.31550 hinting at further declines. A pullback and retest of broken support turning resistance at 1.31550 will provide a great place to look for Bearish patterns for shorts down towards the targets of 1.30342 and 1.29799 respectively.
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