GBPUSD (1.4505)

GBPUSD is currently taking some retracement at the moment and will look to resume its downward move again soon. The market, especially EURUSD is on very lower levels and this is creating a sense of panic among the people that the market might look to reverse itself. For this reason we are looking small movements in both directions.

TRADE:

Sell GBPUSD @ 1.4545 (Sell again @ 1.4615 if required) for Profit Level @ 1.4425 with Stop @ 1.4665

DAILY CHART: