GBP/USD Inside Bar Breakout

FX_IDC:GBPUSD   British Pound / U.S. Dollar
Based on the analysis the although the Pound has gain strength in the past few weeks, I believe it was all part of a major retracement that currently hit its peak. Based on the terrorist attack happened this week I believe the pound has lost the momentum to carrying on the bullish trend line hence why the bearish inside bar formation in the daily chart . This signifies the market is about breakout. Based on the position of the signal (key level), the overall trend, and the current situation of the pound I believe its a great opportunity to Short the GBP.


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