GBPUSD--Break of 1.3150 ...Looking for 1.3060 & Bounce

٤ أغسطس ٢٠١٦

The fall from 1.3364 recent swing high quiet impulsive....as per previous update"GBPUSD...Fall..Fall..Fall)--break of 1.3150 was our short call which has been activated....currently cable is doing sideways & should carry down once current low@1.3110 gets broken...

It should carry atleast till the zone 1.3050--1.3060 -where it will face next hurdle in its larger downtrend...if that zone fails then we can enjoy some more pips downside before there is corrective bounce for further decline...

Regards,
Abhishek H.Singh, CMT