garyyy13
Short

GBP/USD short on daily time frame

FX:GBPUSD   British Pound/U.S. Dollar
27 0 0
There is a monthly resistance line at 1.7000. This line is still holding but will break soon. Price has moved way past the 50 MA and created a new high. We got a double top Friday of last week and yesterday we couldn't make a new high. Also today we got a large bearish engulfing . Price should continue down till the 50%FIb. Short at 1.6900, stop loss at 1.70450 and take profit at 1.68900.
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