GBP/USD: Short from Resistance - Price ready to go DOWN !

Short

British Pound / U.S. Dollar (FX:GBPUSD)

FX:GBPUSD British Pound / U.S. Dollar

Trend Analysis Technical Indicators Harmonic Patterns GBPUSD

trendanalysis indicator harmonicpatterns gbpusd

The GBP/USD after a previous bullish impulse given from the CPI release news, price makes a Local Double TOP in the lower timeframe, retests the 50% Fibo area and seems ready to drop. The Stochastic and the RSI are in Overbought and all these clues make our decision to go SHORT.

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