GBP/USD Very Heavy

Price drops further on the short term and should hit the 250% Fibonacci line (ascending dotted line), which represents a strong dynamic support. I’ve said in the previous days that the rate is expected to be attracted also by the median line (ml) of the minor red descending pitchfork, a breakdown below the mentioned support levels will confirm a larger drop.

MultiBank Exchange Group
MultiBank Exchange Grouphttp://www.mexgroup.com
Multibank Exchange Group (MEX Group) is a multinational financial derivatives dealer. Established in California in 2005, MEX has offices in several countries around the world, including the US, the UK, Australia and China. Mex Group is regulated by the Australian Securities and Investment Commission (ASIC) in Australia, the Ras al Khaimah Free Trade Zone (RAK) in the United Arab Emirates and the Financial Services Commission (FSC) in the British Virgin Islands.

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