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Market Analysis

Home » Technical Analysis » Daily » GBPUSD » GBPUSD Short Setup

GBPUSD Short Setup

Posted by Global Wealth Markets in GBPUSD - April 15th, 2015 1:29 pm GMT


After a failure to break above our lower green trend line we now have a perfect setup for an added short position to take this pair down to the next targeted levels.

As long as 1.47600 holds as resistance we expect this pair to start selling off over the next couple of weeks.

If resistance  fails to hold we could see a bullish move in this pair to the 1.49500-1.50000 area.

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