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BEARISH GBPUSD DAILY: In shallow down channel

Kort
Brittiska pund/Amerikanska dollar (FX:GBPUSD)  
orvilleawright  
FX:GBPUSD   Brittiska pund/Amerikanska dollar
dailyoutlook orville wright Bearish Patterns SELL Descending Channel Ascending Channel price-action Candlestick Analysis GBPUSD support Support and Resistance
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dailyoutlook orville wright bearish sell descendingchannel ascendingchannel price-action candlestick gbpusd support supportandresistance
Nov 3 2015: BEARISH GBPUSD DAILY: In shallow down channel
(Analysis Based on DAILY chart)

Observations
1. Price in a shallow short term down channel
2. If price breaks upwards, larger up channel could form
2. RSI close to 50
3. Price just below SR zone

NOTE: Wait for price action to confirm the importance of this level.

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