GBP/USD:SHORT From CYPHER Pattern Resistance FIBO Area SELL

Short

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

Updated

FX:GBPUSD British Pound / U.S. Dollar

Trend Analysis Harmonic Patterns Technical Indicators GBPUSD

trendanalysis harmonicpatterns indicator gbpusd

GBP/USD Cypher pattern completed in Resistance Area. The Pattern formation is also inside the Fibonacci area between 50% and 61.8% and the price had a Rejection on the Dynamic Trendline. The Ichimoku is still Bearish and the RSI got a Strong Divergence meanwhile the Stochastic is still in the Overbought area, ready to fall.

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