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The GBPUSD at 20sma Resistance

Short
Livre sterling / Dollar américain (FX:GBPUSD)  
Sublime_Trading  
FX:GBPUSD   Livre sterling / Dollar américain
Trend Analysis Support and Resistance Pivot Points fx Forex cable Bearish Patterns GBPUSD short pullback 20sma trendtrading
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14
trendanalysis supportandresistance pivotpoints fx forex cable bearish gbpusd short pullback 20sma trendtrading
Last post: June 21st. See chart.

Review: Price had triggered our short trade but finished the day bullish.

Update: Price continued to gain strength but is now at the daily 20sma which is acting as resistance.

Conclusion: Applying patience as we look for resistance to hold strong and for the bears to come back in. A break and close below support needed.

Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!

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