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Bearish Bias on The GBPUSD

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
Sublime_Trading  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Support and Resistance Pivot Points fx Forex GBPUSD Technical Analysis cable Bearish Patterns 200sma support
5
0
trendanalysis supportandresistance pivotpoints fx forex gbpusd technicalanalysis cable bearish 200sma support
Last post: April 22nd. See chart.

Review: Price had failed to break and close above January 2015 and the weekly 200sma resistance zone.

Update: Price is now trading below the daily 200sma suggesting an overall bearish market.

Conclusion: We will be looking for shorting opportunities if this weakness continues.

Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!

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