CryptoSeraph

GBPUSD faces a Bear Storm as Friday's Action Forced Lower

Short
FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD faces a Bear storm as Friday's action forced the pair under the 100 MA for the first time since June 8 ,2017. With Sunday night's pullback now reversed, price looks to be sliding back to the 200MA(4hr) with strong support however temporary it may be, at the 1.2976. The June 20, 2017 price low 1.26036 would be next target if price continues to slide beneath the 200MA. @cryptoseraph

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.