U.S. Markets close in 2 hrs 25 mins

Forex Strategy: GBP/USD Short Trade Setup Sought

Ilya Spivak

To receive Ilya's analysis directly via email, please SIGN UP HERE

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

Confirm your chart-based trade setups with the Technical Analyzer.

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

Contact and follow Ilya on Twitter: @IlyaSpivak

New to FX? Watch this Video

For live market updates, visit the Real Time News Feed

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.