Testing downtrend line in an overbought zone Short

British Pound/U.S. DollarFXCM

Description

⋅ Mar 3, 2016 6:13 PM

Major downtrend on Cable may continue after testing a trendline that starts in the middle of February. Stock RSI is overbought and signals potential reversal. The next target after breaking 1.3835 is 1.3500 support zone.