KJB_05

GBP/ USD - LONG OR SHORT?

FX:GBPUSD   British Pound / U.S. Dollar
-Lovely retracement into previous level of structure and looking for a third touch of the ascending trendine @ 50% FIB with a possible line up with the 50 EMA acting as a dynamic support.
-Possibility for a break of the ascending trendline and retracement to 1.2408 as confirmation to go short down the bottom structure LV.

- Monitoring closely due to double top formation.

Opinions would be appreciated !!