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ALSM59

GBP/USD Bearish outlook

Short
British Pound / U.S. Dollar (OANDA:GBPUSD)  
ALSM59 Updated   
OANDA:GBPUSD   British Pound / U.S. Dollar
Trend Analysis GBPUSD outlook candlestickpattern
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trendanalysis gbpusd outlook candlestickpattern
S1 shows @ 1.2932. Firm break may indicate Bearish trend continues, targeting 1.2588.
Break of 1.2588 likely confirmation of continual downtrend to 1.2100

Entry Market Order @ 1.2925
T/P @ 1.2600
Comment:
GBP/USD reached low of 1.2952, breaking primary 1.3000 support level.
Very good signals of further drop to occur to trigger current Entry Order target. Watching closely.
Comment:
Pair is currently in corrective state. Firm break of 1.2932 still needed. Firm break of 1.2588 confirms Bearish trend is resuming.
Comment:
GBP has 8 news releases tomorrow (Thursday). Data should give clear signal as to which direction to trade. Holding Short Entry.
Comment:
T/P changed to 1.28750
Order cancelled
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