lewglasgow
Long

GBP/USD - Retesting 2009

FX:GBPUSD   British Pound/U.S. Dollar
a year ago
The GBP/USD             monthly chart, clearly illustrates that price has been stuck in consolidation from the year 2009.

Recently price has been falling sharply, heading towards the 2009 lows of 1.35000 to test it. If we break this crucial level of support it means price is finally out of this range, bulls are out and the bears are in ready to drive the price lower between 1.30000 and 1.20000.

Stay tuned, I'll be posting regular analysis across all major currency pairs.
a year ago
Comment: Please be aware this is a shorting opportunity.
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