GBPUSD WEEK 40 - NEW DOWN TREND!

GBPUSD WEEK 40 - NEW DOWN TREND!

2 October 2014, 00:36
Ronnie Mansolillo
1
139

The Cross has moved laterally on the last 10 bars (days) from FIBO 0 through FIBO 61.8 breaking down while flat market.

Volumes are out from the overbought level and we have on chart a new red candle.

It seems that a new bearish primary trend started and maybe is time to start selling.

First resistance at 177.587 and first support on 175.641

Warning: what will happen to prices no one can know, that belongs to the future.

Good Luck!


gbpjpy 40

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