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Rajomatic

GBPUSD Failed Upside Move & Possible Range Bound Market

Short
British Pound / U.S. Dollar (FOREXCOM:GBPUSD)  
Rajomatic  
FOREXCOM:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Trend Lines Chart Patterns rangeboundmarket Fibonacci Retracement ichimokukinkohyo
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trendanalysis trendline chartpattern rangeboundmarket fibonacciretracement ichimokukinkohyo
It's no surprise, GbpUsd could not break the Resistance/Support made from December to March's previous price action encounter.
Now we have an epic failed upside breakout and the pair has already broken the previous lows of last week and has already retested that area.
We are now waiting to see if price can successfully break the trendline and continue towards the downside. Stay tuned.
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