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GBP/USD – 13/07

As predicted, the sideways momento is done. Now the pair making a new lower low in 1.4947, and higher low on 1.5077 which is the 50% retracement level.
look at the the blue line drawn in the chart. The Trend line is broke, and change of polarity beginning to occur.
These two might indicate the trend has been reverse. as the level 1.5223 is a great resistance level (resist 3 times).

 

We might expect the pair goes down to 1.4830

 

gu 13-7

 

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Happy Trading
Analyst

 

 

 

 

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