Completed distribution phase, bearish view on GBP/USD Short

British Pound/U.S. DollarFXCM

Description

⋅ Apr 6, 2017 12:05 PM

Hello everyone,
I am bearish on GBP/USD from a few days ago but I see further downside. Price broke diagonal distribution and upward trendline in the background.

My advice is to watch for potential targets at 1.2370 and 1.2110.