AnasRathore
Short

GBPUSD Downtrend Continues

FX:GBPUSD   Pound Sterling/U.S. Dollar
89 0 5
GBPUSD             continues to move lower as expected. Price moved towards 1.29150 support area and rejected, while with a break below the above mentioned support area will drift the price towards 1.28650 level which seems a very likely scenario. Any rally will be a great opportunity to sell.
GBPUSD             is in a longer-term bearish trend and I expect the price to break 1.27900 support soon and will meet the longer-term target at 1.22-1.24 area.

TRADING RECOMMENDATIONS: Sell at rallies and set take profit at 1.28400. Stop loss at 1.30600
Good Luck
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