Bearish Bias on The GBPUSD

Bearish Bias on The GBPUSD

Last post: April 22nd. See chart.

Review: Price had failed to break and close above January 2015 and the weekly 200sma resistance zone .

Update: Price is now trading below the daily 200sma suggesting an overall bearish market.

Conclusion: We will be looking for shorting opportunities if this weakness continues.

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