Wolf
Short

GBP/USD BROKE 1ST BEARISH LEVEL AND PULLED BACK. WHAT'S NEXT?

FX:GBPUSD   British Pound / U.S. Dollar
106 0 2
In a situation like this, we have to see what trend it follows. In this case, it broke, it pulled back, bounced and it's now at the resistance line, this is where the decision is made. If it breaks, we confirm a bullish trend and will try test the next resistance line at 1.6523. If not, it will test the bottom, since it would break the current up trend and will confirm to go meet with price at 1.5871
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