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TradersClassroom
Jul 29, 2014 4:24 PM

GBPUSD Short

British Pound/U.S. DollarFXCM

Description

I think this market has more downward movement to it. It is pressing down pretty hard at the moment. I resistance at the 6760 area with a press back up into the .236 before a continued downward movement.
Comments
TradersClassroom
2nd target nearly hit. I see more downside though
TradersClassroom
May see a little bounce up here but I still think Target 2 has a high probability of being hit.
TradersClassroom
We made it to the first level. The market may just ignore it and continue moving downward.
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