Forex Strategy: GBP/USD Short Trade Setup Sought

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Talking Points

  • GBP/USD Technical Strategy: Pending Short
  • A Dark Cloud Cover candlestick pattern below resistance at 1.6259 hints at topping
  • Our last attempt to enter short was stopped out; we will look for new opportunities to re-enter

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Forex_Strategy_GBPUSD_Short_Trade_Setup_Sought_body_Picture_5.png, Forex Strategy: GBP/USD Short Trade Setup Sought

Weekly Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

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