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peterbokma

GBPUSD- NEUTRAL with down side bias

British Pound / U.S. Dollar (FX:GBPUSD)  
peterbokma  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis
2
0
trendanalysis
The ADX is increasing, and this means more downward pressure likely. I am a little cautious about going short, and prefer to BUY lower.

For now NEUTRAL but suggest to BUY near 1.1537 for now. That level would make the RSI more comfortable, and the ADX may be peaking at that time as well.
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