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Forex technical analysis: GBPUSD bearish train continues...

Discussion in 'Technical Analysis' started by ForexLive, Jun 16, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Pulling into the next station.. The GBPUSD is continue to motor down the bearish tracks (after a correction yesterday - more on that in a second). The price is trading at new session lows and is chugging into the next station (i.e., target) betwween the 1.4000 and 1.40528. We are trading at the 1.4019 as I type. It is hard to stop a train, but the 1.4000 level will try.

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