GBPUSD; Back To The South Again Short

British Pound/U.S. DollarFXCM

Description

⋅ Oct 11, 2015 7:28 AM

After the Bullish Alt Shark pattern which I had pointed out to recently caused the price to make a decent rally, the pair seems to have stalled at the resistance area shown in the rectangle.

I favor the resumption of down trend in the coming week.

Good luck,

Ali Sharif Azadeh, CFTe

cable gbpusdshort