GBPUSD violated uptrend line

13 nov 2017

GBPUSD today violated uptrend line actual from march 2017. Acutally price is over trendline but today we could observe large drop, which consumed all previous week growth. Lower, near 1.30000 we have also strong support area where price could go and than bounce up. Our last long trade on GBPUSD was closed with small profit and now we stay out of market on pound. Analyzing chart, we can see short term sideway trend, but in long term this is still in uptrend, so we will be waiting for a good price in lower level, near support area (near 1.30000) to open next long trade.