With GBPUSD breaking pass 1.39426, (an area acting as high level of support). The sterling seems like it is on track towards breaking its 2009 low. Right now I expect the pair to retrace back up to around 1.39200 before heading down lower to around 1.37800
Note
Good time to short? Note
Sterling currently hovering above trendline. There's a possibility that it may go higher.Note
New Play
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.