Update on last week's GBPUSD short
Short from 1.5925 is working
The topping formation looks almost exactly the same as the one on May 13 (also Fib time from the low)
What happens next is interesting. It'll come to test the short-term uptrend (pretty steep one) at 1.58. If holds, although highly doubtful, then it'll bounce and probably go higher.
If breaks below 1.58, then next support will be the 38.2% retracement and another trend line support at 1.5635.
The topping formation looks almost exactly the same as the one on May 13 (also Fib time from the low)
What happens next is interesting. It'll come to test the short-term uptrend (pretty steep one) at 1.58. If holds, although highly doubtful, then it'll bounce and probably go higher.
If breaks below 1.58, then next support will be the 38.2% retracement and another trend line support at 1.5635.
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