Pullback on The GBPUSD

Pullback on The GBPUSD

Last post: May 23rd. See chart.

Review: Price had established a bear trend below the daily 200sma.

Update: Price continued to weaken but has now pulled back to a support-turned-resistance zone. There is still further room for the pullback to continue.

Conclusion: Standing aside until the low of May is cleared or a better pullback opportunity presents itself to enter short positions.

Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!

Sublime Trading