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sugardaddyFED

GBP/USD Potential Short

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
sugardaddyFED  
FX:GBPUSD   British Pound / U.S. Dollar
sterling USD (US Dollar) short Bearish Patterns outlook Divergence Relative Strength Index (RSI) technical
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sterling usd-us-dollar short bearish outlook divergence relativestrengthindex technical
As the election rally fizzle, GBP could retrace - potentially to test support at that 100 dma. This analysis is build on the following:
1) possible rejection off the 200 DMA
2) RSI showing divergence
3) Potential corrective rally on USD index (assuming Fed try to play up a June rate hike)
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