GBP/USD Further short opportunity if the support line is broken.

1 Şub 2015

I think the GBP/USD could go down further, and if we can break through the support line of 1.4948 I think the momentum will be a continuation of the strong down trend. Always a chance of a retracement, so watch out, however we have a TK crossover, a downward cloud breakout, and a longterm downward trend. Looks like there is still some room to fall, however NFP will be interesting.