GBP/USD:SELL From Resistance Level Stoch+RSI Signal SHORT

Short

British Pound / U.S. Dollar (FX:GBPUSD)

Updated

FX:GBPUSD British Pound / U.S. Dollar

GBP/USD: Our yesterday's entry matched exactly a turning point where the price had a rebound on the Resistance Level around 1.1400 with a row of the bearish candle and today, the price is struggling on the 200 Moving average where the scenario is two: Price may use this moving average to change direction again or dramatically falling down following our forecast. The Stochastic seems ready to drop more from the overbought Area and the RSI is definitely turned bearish .

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