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GBP/USD DOWNTREND,SUITABLE LEVEL FOR SELL IF THE PRICE BREAKTHROUGH 1.5540

GBP / USD downtrend. No good levels of new sell positions because the pair is trading at levels of 1.5540 support. Indicator RSI and price gives us divergence, which also causes us to be cautious with new Short is possible corrective movement to the diagonal resistance around 1.5770.

Suitable level for sell position after correction to 1.5770 or if the price breakthrough 1.5540 that will give us a signal activated flags formation.

Dollar keeps positive sentiment. We must be careful in anticipation of data at 11:30 of the UK’s GDP.


 Varchev Traders


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