Short

Hellena | GBP/USD (1H): Short to support area of 1.25973.

Updated

Dear Colleagues, I suppose that price is still in a downward movement. At the moment the price is in the area of 50% Fibonacci level. I believe that the price will once again make a low in the support area of 1.25973. Perhaps the price will renew the local high and reach the 61.8% Fibonacci 1.27134 area.

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Note

Dear Colleagues, the price has reached the 61.8% Fibo lvl 1.27134 area. From now on I consider only short positions. But be careful. Perhaps the price will renew the maximum and reach the levels of 1.27350.

Note

The price is testing the resistance area of 1.27134 again. This means that we have an opportunity to enter a short position once again. In the coming week, I expect the downward movement to resume.

Hellena_Trade

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