globalfxkingz
Short

GBP/USD MORE DOWNWARD MOVEMENT

OANDA:GBPUSD   British Pound / U.S. Dollar
as we can see here on the GBP/USD chart that the market has been affected a lot by heavy news and is breaking lower lows, as similar to other GBP related pairs. as of now, we can see that the market has been moving down sharply, with no idea or indication of any clear structure. however, the market came to a standstill for a moment and created a support level and stated moving upside, with no indication to any proper areas, so Fibonacci was used to get an idea of where it might turn around. then the market made a sharp turn around at near the 0.382 level, with a bearish dogi candle as an indication of this. after shifting the momentum back lower to the downside and push to new lower areas. so overall due to this type of market we will be considering fundamentals in order to identify the market direction, and also we will be looking for the next pullback opportunity for us to look for sells in the market.
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