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Short

British Pound analysis - Sell

CME:B61!   British Pound Futures
Here we see a few sell signals including:
- Head and shoulders forming, waiting for break of trend line
- price falling below the 13 and 21 EMA
- Fibonacci clusters/target zones at:
1.225
1.213
1.203
- Recent breakout of USD
Additionally, the bearish reaction to the better than expected retail sales release during this mornings London session, may indicate the overall bearish tone of traders on the currency.

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