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)
Through time we have developed a very respectable trading strategy which defines Entry, Stop Loss and Take Profit levels with high accuracy and allows you to make position Risk Free. If you want to learn all about it and become a professional Trader, sign up now and become a member here
Special weekend discount. Get three months Premium membership for the price of one and more!
How to determine a trend webinar recording+one month premium membership!