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Technician

GBPUSD: May have completed a bearish breakout

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
Technician  
FX:GBPUSD   British Pound / U.S. Dollar
11
13
The GBPUSD has broken below a key static(horizontal) resistance area around 1.66, in addition to closing just below the 50-days SMA today, we will probably head lower, first and initial support is at the rising trend line shown on chart, while a retest of 1.6260-1.6220 support area is possible in my view. Risk limit could be at 1.6717 key high.

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