GBPUSD is in a downtrend in the short term with Weekly, Daily and 4H charts technical picture favoring the continuation of the move lower.

Strategy:
SELL at current levels and at any advance towards 1.3145-60
STOP LOSS above 1.3205
TP: 1.3085 or 1.3055-60

MULTITIME FRAME TECHNICAL PICTURE AND ANALYSIS

Weekly: Reversal Weekly Bar at double channel top
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Daily: Reversal Patterns and RSI Double top
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4H: H&S pattern pointing lower
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analysisChart PatternsGBPUSDpatternstechnicalTrend Analysis

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