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JFX7

GBPUSD (4H) Update

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
JFX7 Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators GBPUSD Divergence short
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trendanalysis chartpattern indicator gbpusd divergence short
. 200 and 50 day SMA crossover soon
. Indication of a price reversal
. Second confirmation: OBV divergence
. Double top on 15min time-frame
. News could have effect on price action however supply zone is on site and resistance remains strong
Comment:
Wick rejections on 4H time-frame
Comment:
Price is consolidating at crossover
Trade closed: target reached:
Price went down to 1.25 before reversal.
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