Chart of The Day $GBPUSD 12-29-2016

On the GBPUSD daily chart, we can see that the pair is below strong resistance 1.2260. A long as the pair is below 1.2300-1.2450 zone we could see downside extension and retest of 1.2000. Bearish momentum is strong.

Happy trading! (click on the chart to enlarge it)

gbpusd trend following startegy


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