GBPUSD Daily
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
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.