Short GBP around 1.2747 towards 1.2555 | 12 Juni 2017
12 Juni 2017, GBP/USD
Technical Observation
Following the gap below 1.2747, I went short following the second retracement to the just broken daily key line 1.2747 and is still holding onto this position. On the 4 Hour chart above, Unless this line is clearly breached with a big red candle, I expect a decline towards 1.2555. If you din't go short on the first retracement to the same line, wait for a pullback to the same line to short GBP towards 1.2555.
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