GBPUSD-Trendline Support and Bullish Divergence Long

British Pound/U.S. DollarFXCM

Description

⋅ Jan 15, 2016 8:55 PM

Gbp-USd has completed a bearish wave iii at trendline support with a bullish divergence.Short term sellers should be cautious for now.38.2% Fibonacci retracement is expected.Short term buy positions are favorable with stop @ closing below trendline.