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GBP/USD BEARS ARE GAINING STRENGTH|SHORT

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Brittiska pund/Amerikanska dollar (FX:GBPUSD)  
EliteTradingSignals  
FX:GBPUSD   Brittiska pund/Amerikanska dollar
Trend Analysis Chart Patterns Wave Analysis GBPUSD short SELL trading Bearish Patterns Forex forecast tecnhicalanalysis Contains image
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trendanalysis chartpattern waveanalysis gbpusd short sell trading bearish forex forecast tecnhicalanalysis containsimage
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Hello,Friends!

GBP/USD is trending down which is clear from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a beautiful trend following opportunity for a short trade from the resistance line above towards the demand level of 1.264.

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