GBP/USD: Bearish Reversal Hinted at Channel Top
Strategy: Pending Short
GBPUSD has stalled ahead of the upper boundary of a rising channel set from the lows in May, with prices showing a Shooting Star formation followed by another Doji candlestick and bolstered by negative RSI divergence to hint that a downswing is ahead. Still, additional confirmation is required and we will look for a conclusive bearish daily candle to position for a short.
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