GBPUSD - Recent Structure broken

9 Şub 2016

Greetings Fellow Traders,

GBPUSD has broken an intraday consolidation strength, hinting strongly at more downside for the GBPUSD pair.

However due to the nature of this consolidation it looks possible for a run up to the bearish strength from highs last week around 1.4470.

Shorts are recommended with GBPUSD unless a break and confirmed close above 1.4480 is seen.

Feel free to comment/like/follow

9 Şub 2016

Not

Please see the GBPUSD update after Tuesday's trading. Bulls are now in play, not Bears.