GBPUSD short-term strenght off multi-year lows
The GBP/USD still mega bearish.
Short-term however we may be looking at some bouncing off these lows
Resistance currently stands round 1.18 and falling trend-line at 1.1900
At these R/S levels I feel that is a good level to go short.
Daily MACD about to go positive albeit in negative territory.
So, short-term a LONG GBPUSD for potentially 200 pips.
But positively a further downward risk so don't get married to the LONG
Short-term however we may be looking at some bouncing off these lows
Resistance currently stands round 1.18 and falling trend-line at 1.1900
At these R/S levels I feel that is a good level to go short.
Daily MACD about to go positive albeit in negative territory.
So, short-term a LONG GBPUSD for potentially 200 pips.
But positively a further downward risk so don't get married to the LONG