Sublime_Trading
Short

Weakness Back on The GBPUSD?

FX:GBPUSD   British Pound / U.S. Dollar
Last post: June 24th. See chart.

Review: Price had pulled back to the daily 20sma which was acting as resistance.

Update: Price has bounced off the 20sma and produced a potential bearish engulfing candle suggesting weakness.

Conclusion: Continuing to stand aside until pivot support is cleared and price moves towards 1.3000.

Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!

Sublime Trading
Thank you for the suggestion.
Reply
@NadineHe, You are welcome. The GBPUSD continued to weaken yesterday but we still need a breakout.
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