Gbpusd quick chart 1h 10 august

Gbpusd quick chart and levels, I expected a bearish move since we gapped lower and market become firing wired expectation for cable like 1.67 and 1.7. Also felt that it was time for some consolidation and late longs trap.

Your comments too are welcome and you can always reach me on twitter @fx_13.

(Please click on the forex chart thumbnail to enlarge)