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Mrsam36

Gbpusd dropping and dipping only option read the caption

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
Mrsam36  
FX:GBPUSD   British Pound / U.S. Dollar
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Intraday bias in GBP/USD stays neutral, as consolidations from 1.2574 continues. Risk will stay on the downside as long as 55 4H EMA (now at 1.6901) holds. Below 1.2574 will resume the fall from 1.2891 to 1.2516 structural support first. Decisive break there will suggest that rise from 1.2032 has completed at 1.2891 already, and turn near term outlook bearish.
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