Invezted

Gbp/Usd Roadmap for 23.06.15

FX:GBPUSD   British Pound / U.S. Dollar
44 0 1
Context:

As price broke support at 58114 and the demandline , we allreayd have some signs of weakness at hands,
as price retested the broken support and it tunred resistance we got confirmed weakness , and i wouldnt recomend any longs until we trade back above 58800 or a reversal at the 50% mark 55600 , shorts are heavy favoured in this pair.

Trade Opportunities:

Long:
Reversal at 50% mark 55600

Short:
Retracement + rejection of broken support at 57600


Signs of strength:
none


Signs Of weakness:

rejection of major 50% mark at 58800
broken support
broken demandline
support turned resistance

Support:
57000
56520
55600

Resistance:
57600
58114
58800

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