Sell off to continue in Cable

GBPUSD Daily

GUD

The bears have taken out the 1:1 (Purple) overbalancing the current up trend and opening up this market for further losses, the next major support isn’t until the 38.2 fib which comes in at 1.6280/850.

GBPUSD M5

GU15

The intraday players have been seen selling 1:1 rallies after the current up trend overbalanced after the bears took out the 1:1 (Purple).

The post Sell off to continue in Cable appeared first on www.forextell.com.

Leave a Reply

Your email address will not be published.