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YourLazyTrader

GBPUSD to drop another 200 pips?Continuous downtrend?

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
YourLazyTrader Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Technical Indicators Beyond Technical Analysis GBPUSD gbpusdshort gbpusdsignal gbpusdanalysis gbpusdidea gbpusdtrade gbpusdforecast
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trendanalysis indicator beyondta gbpusd gbpusdshort gbpusdsignal gbpusdanalysis gbpusdidea gbpusdtrade gbpusdforecast
In my previous idea(attached below) I mentioned about selling GBPUSD@1.3040-1.3070. Well, price has almost reached the final target I mentioned in the previous idea.
At present, GBPUSD is trading slightly below the 100D EMA. Whether we see a meaningful recovery will depend on the headlines related to Brexit. At this moment, the headlines don't sound very good and it seems it will be a tough road ahead for UK and EU trade negotiations.
Once again, GBP could fall due to this news.
So, I will look to see GBP if it rallies and reaches the resistance area again.
Comment:
As I mentioned, GBPUSD continues to drop. Now the 1.2780 area is exposed

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