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GBPUSD - GBP overbought

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
JamTrades  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns GBP USD GBPUSD short pullback
2
1
trendanalysis chartpattern gbp usd gbpusd short pullback
Although the GBP moving average is showing strong, so is the USD and the USD index still bullish from last night.

GBP is now over bought and needs a pull back before it breaks through the next key level.

IF we break out above 1.2160 the short term trend remains your friend *bullish

Watch the GBP moving average sellers sat at 1.4436
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