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thetradedoc

GBPUSD at the crossroads.

Short
British Pound / U.S. Dollar (OANDA:GBPUSD)  
thetradedoc Updated   
OANDA:GBPUSD   British Pound / U.S. Dollar
Support and Resistance Trend Lines Volume gpbusd gpbusdshort forexshort forexsignal Technical Analysis supportandresistances Trend Line Break
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supportandresistance trendline volumestudies gpbusd gpbusdshort forexshort forexsignal technicalanalysis supportandresistances trendlinebreak
On the weekly timeframe, GBPUSD has come back down to previous resistance turned support AND the line of an uptrend. What do we think? Personally, I am short. Last week's indecision candle was met with higher than normal volume followed by a continued selloff. A break below could mean big red soon.
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