gwizzle
Short

Potential Continuation of Long Term Downtrend

FX:GBPUSD   British Pound/U.S. Dollar
81 0 0
Potential continuation of long term downtrend following what could be the end of a correction period and a break from the recent consolidation period. Potential short trade opportunity should price drop below 200 MA, followed by a bearish 50 MA moving below the 200 MA. Target 1 is support expected between 1.45 and 1.46, whilst target 2 is support expected between 1.40 and 1.42.
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