GBPUSD breaks trendline! Heading Lower

FX:GBPUSD   British Pound / U.S. Dollar
With a break of a trend developed since last month, GBPUSD             seems like it will continue its downtrend toward lower lows. Currently the pair is sitting at a crucial 61.8% retracement level and has an oversold RSI . I expect the pair retrace back up towards 1.43732 first before heading lower towards 1.42200.
Trade active:
Ive made some analysis on this, but didnt take any trade:

+1 Reply
AlexxChan Piet.Hein
nice the setup worked perfectly.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out