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xyzfinance

GBPUSD bearish Pennant below resistance level

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
xyzfinance Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Pennant Support and Resistance Oscillators GBPUSD Forex Relative Strength Index (RSI)
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pennant supportandresistance oscillator gbpusd forex relativestrengthindex
Forming the pennant near resistance level increases the chance of falling price.
Also RSI shows the uptrend momentum is not strong and it may be ending.
I see the blue line as the first level to reach, where you can trail your stoploss and let the price go more down without further risk.
Trade closed: target reached
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