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DeGRAM | GBPUSD possible short trade

Short
Livre sterling / Dollar américain (FX:GBPUSD)  
DeGRAM  
FX:GBPUSD   Livre sterling / Dollar américain
Trend Analysis Support and Resistance Chart Patterns gbpusdanalysis gbpusdsignal
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trendanalysis supportandresistance chartpattern gbpusdanalysis gbpusdsignal
GBPUSD moved out of the descending channel and dropped.

Price recovered from a strong support level of 1.26300, and the price action displayed a high number of doji candles, indicating indecision.

The market reached the resitance level, which is a psychological level of 1.2700 and a 50% fibo level.

We expect a move down.


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