SamKent
Short

GBP/USD possible reversal formation

FX:GBPUSD   British Pound / U.S. Dollar
249 0 2
The GBP/USD             has been trending higher recently; however, it now appears the market may be looking to reverse in the near future. This is due both to the bearish divergence between price and the RSI , as well as the head and shoulders type formation, and the false upwards breakout which resulted in a shooting star candle. Therefore, all things considered, we're looking for bearish momentum to pick up and for a break of the ascending trend line .
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