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abdulrahman.tayyeb

Will the breakout resume?

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
abdulrahman.tayyeb  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis
1
1
trendanalysis
Cable has broken the rising tend line recently, however it retraced higher to retest broken trend line area, also its retesting horizontal resistance at 1.2970 =. if breakout resume we could benefit from shorting towards 1.2856 low of hammer candle, in addition to the previous low at 1.2775. tight stops to be placed above 1.2980.

Good luck
Abood
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