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GBPUSD: Downtrend Continuation

Discussion in 'Technical Analysis' started by Kaitlin, Dec 22, 2015.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    GBPUSD fell to a new low last week as expected, after only three wave bounce from 1.4893 to 1.5240 which was a corrective move called a zigzag. As such, we are bearish on GBPUSD and will expect more weakness after any pullback. At the moment trend is still down so[​IMG]

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