Forex Technical Analysis: Trend potential – Wait and sell GBPUSD below 1.25800 towards 1.2451.

GBPUSD – Flat

Wait and sell GBPUSD below 1.25800 towards 1.2451.

Technical Observation

GBPUSD is currently trading with an increasing bearish bias momentum. While price is contained below the two simple moving averages, I expect further momentum to the lowerside. On this chart, there are only three levels to look for include 1.25800, 1.26187, and 1.26625. On the 30 minutes chart attached, I’m waiting for a breakout below 1.25800 to pick a low risk sell order towards 1.2451 or even lower. If price is to pullback upwards, then I’ll look for a sell from 1.26187 or 1.26621.

Trade Signal.

Wait and sell GBPUSD below 1.25800 towards 1.2451.

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