JoshL
Short

GBPUSD Potential short up next

FX:GBPUSD   British Pound/U.S. Dollar
141 0 1
Price has broken down and seems to have found temp sup around 1.5600. The trend on the Daily is still down at this stage, so I will be watching for a price action signal short on retrace to roughly the 50-61.8% Fib, which is in confluence with the low of the candle I marked...

It might even push higher than this to around 1.5900ish and I will look to sell there as well. But, I will then also look at a "what if" scenario if price does break to the upside.

For now, this looks like it is still going down. Just have to wait it out and see.

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