Upcoming SHORT on GBPUSD

7 de fev. de 2020

We could have another short coming up in the next few minutes. The market is about to hit another resistance and we could go either way. I see the downtrend of the past few weeks, looking very bearish so far and may continue with that trend. Testing this Resistance could also be a push pack from buyers as they may feel the price is too low, resulting in a possible breakout of bullish traders. though i doubt the latter as our 200 simple moving average was not hit and the momentum of breaking the first support may continue.