GBPUSD UPDATE - Waiting for a break of 1.4225 for potential SELL

١٨ يناير ٢٠١٦

While I do expect a short rally from this 1.4225 point, I don't expect it to last long. Likely, price will eventually fall below this support and create resistance for SELLERS to come in and continue their journey downward.
Right now I am on the sidelines waiting for price to break below this 1.4225 and I will likely be looking for either a retrace to that resistance or to the EMA for a Bearish PinBar