gbpusd.. crucial close coming

10 giu 2016

gbpusd continues to freefall from the early June highs, all moving averages been broken with the 50day MA the next strong target. Whilst the 50day has been broken intra day on a few occasions, hasn't been closed below for almost two months. 144.30 is currently the 50day MA.. watch for buying support to come in. if it breaks we target the lower trend line at about 143.80. technicals are all pointing south though so possible these levels get taken