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stantm23

GBP/USD breaking down after trying to push out

Short
British Pound / U.S. Dollar (OANDA:GBPUSD)  
stantm23  
OANDA:GBPUSD   British Pound / U.S. Dollar
Trend Analysis GBPUSD
6
0
trendanalysis gbpusd
Pound/USD looks like its breaking down after trying to break out of channel but met with heavy supply with high spread. Overall bias is to downside and currently should ready to test further downtrend after the potential 1-2 waves retracement at 0.382. Sharp retracement comes sharp correction and next correction should be a longer consolidation.
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