GBPUSD | COULD THIS BE A GOOD SELL? - FOREX TRADING LIONS

British Pound/U.S. Dollar FX:GBPUSD

FX-TradingLions

Hello Traders,

The pair has been trending towards the downside and broke past 25-50 moving averages, if a daily candlestick manages to close below the 200 moving average it is likely the trend will continue further downwards.

Now, if this does not happen, you could potentially look for a buying opportunity just off the 200 moving average bounce, for a nice little 100+ pip swing towards the upside

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