Cable breaks major support 1.5580, targets 1.5460 Short

British Pound/U.S. DollarFXCM

Description

⋅ Jun 16, 2015 8:34 AM

GBP/USD has broken major support 1.5580, decline till 1.5500/1.5460 cannot be ruled out.

Sell GBP/USD around 1.55780-80 with SL around 1.5635 for the TP of 1.5500/1.5460

Comments

shobz99

⋅ Jun 16, 2015 11:18 AM

seems like a fake break of trendline

FxWirePro

⋅ Jun 16, 2015 11:19 AM

S i too feel the same

Peter128

⋅ Jun 16, 2015 10:38 AM

Risky. It's against the major trend. The 50% correction was reached @ 1.5550. The SL is far away...