Encountering resistance at the cloud

FX:GBPUSD   British Pound / U.S. Dollar
After a couple of really strong days the GBP/USD is encountering some selling off near the cloud. It's also trading right at the 50 day MVA and upper edge of the BB. The long term outlook is still negative, but in the short term it could still correct into the 1.54 range. I'll look to short from a little higher up.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.