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Austinet24

GBPUSD Trading on a Bearish channel

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
Austinet24  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Support and Resistance Candlestick Analysis
5
0
trendanalysis supportandresistance candlestick
The pair has been on the bearish trend for awhile now, from daily time frame you can see a bearish engulfing candlestick price action pattern at the upper trendline price level 1.30230, this with the bearish trend connote the price will move down to the lower trendline at 1.28350.

Bias: SELL @ CURRENT PRICE 1.29166 TARGET 1.28552 SL 1.2965
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