Forex: GBP/USD Technical Analysis – Sellers to Reclaim Momentum?
To receive Ilya's analysis directly via email, please SIGN UP HERE
- A Shooting Star candle following last week’s surge hints at indecision
- Turning lower from here targets 1.6073 (trend line from Jul 9 low), 1.60 figure
- Negative RSI divergence warns of losses; we continue to hold short
Confirm your chart-based trade setups with the Technical Analyzer.
Daily 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.