FX:GBPUSD   British Pound / U.S. Dollar
Possible downward movement of the pair. The price currently in temporary 4 hours is in a trading area with significant volume, generating rejections due to the high part of the price as an indication of absorption of orders. Indicators such as the Squeeze Momentum and MACD histogram have shown confirmed bearish directionality, accompanied by the loss of strength from the previous bullish movement, indicated in the ADX that has decreased its slope. MACD lines are also currently giving us a pattern of a possible sell signal shortly. RSI could accompany this movement with its negative slope and generation of a bearish divergence. The price could seek the 55 EMA and the control point area, with a constant review for possible bullish continuation from my point of view and strategy.

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