GBP/USD: extreemly negative moods at the pound, the short continious

GBP/USD breaks it’s bottom from yesterday, giving a strong downtrend sign and targets 1,50 level.

Speculations about GBP are big, which creates a strong sell-off environment for the currency.

Although market’s overselled indications, there are no symptoms for corrections of the short.

The pair breaks all trend confirming figures, which shows the power of the downtrend.

Most likely the negative trend will continue.

 Varchev Traders

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