SuperForex

Pound weakened after data release

Short
FX:GBPUSD   British Pound / U.S. Dollar
After the drawdown to the level of 88.59 on Tuesday, the dollar index for the second consecutive day regains its position.
Data that is currently out on the British pound, were worse than expected. The index on housing prices for the month and year, strengthened bearish sentiment.
Also on the 4-hour chart, we see a spent head and shoulders figure. This figure can be a signal for a market turn.
Because our price is likely to continue downward movement and you can search for targets near the level of 1.4

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