GBP/USD inside a Bearish channel in the last sessions is approaching the 50% Fibo Retracement where it also presents the dynamic trendline from the Bearish channel as the 50 Moving average. The price can find a solid resistance area in these circumstances to come back in the direction of the main trend. The Stochastic is also in the overbought area and can drop in the normal range of the indicator. We are looking for a Short trade here.
