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thetraderidea

GU most likely heading to next support area 1.25

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
thetraderidea  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Fundamental Analysis
4
2
trendanalysis chartpattern fundamental

As we all know the overall trend on GU is down, Monthly & Weekly. As well the fundamentals to back it up, GU's downtrend is most likely going to continue, I predict some slight consolidation in the highlighted area, once we get confirmation, down to 1.25 and potentially lower will have to see how the markets respond when London opens.
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