GBPUSD more downside to come?

[Petez_FX]

Here are a couple of areas that could be interesting for GBPUSD. Upcoming, we have the 1.2 area. It is a strong psychological level, paired with a key level that has been untested. We should see some downside.

The other area is 1.22, another strong psychological number paired with a touch of the downwards trendline, key level and 4H 50 EMA. Out of the two, if you were to take one, this would probably be the safest bet out of the two.

 

[Mike Shor]

Thanks. May be a long as early as Monday. Let's see.

 

[DT77]

So tough to call in the current climate....

 

[sebking1986]

Can't see that breaking the trend if we were talking about normal market conditions but we aren't. That being said there are a few confluences suggesting more downward pressure for now

 

[K_Robdog]

I'm long for now, will see what happens at those resistance levels.

 

[Alanmarshall]

i managed to trade this all the way down