ForexTrendline

GBPUSD analysis | UPDATE

FX_IDC:GBPUSD   英鎊 / 美元
24th of June:
"In case price breaks below 1,3920, we could expect a further move down to 1,3800."


Yesterday we saw GBPUSD reaching the 1,3812 before the pullback.
There's still a downside push and we expect to see price testing the 1,3800 level.
We should close part of our position as soon as market reach this level and then possibly look for another entry after a breakout and a retest.

We do not suggest looking for entries at current price levels. Wait for one of those options:
- Sell in case of a breakout and a retest
- Buy in case of a bounce and a lower high

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