FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
249 1 2
Pound is still struggling with the downward trendline and we are approaching it once again. It would be the 5th time and I would be suprised to see it hold. However, I'm definitely not looking to buy this pair - at least not at the moment and in bigger picture I'm looking for good areas to sell for new lows.
on the bigger picture, the pound has bounced off the 200 period weekly moving average and was not able to break through 1.6 region towards the downside.
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