GBP/USD:SHORT From 61.8% FIBO Resistance Area CYPHER SELL

GBP/USD in the last sessions continues to have a deep retracement which now is around the 61.8% from the previous Swing high. We have recognized a Bearish Cypher pattern also that can be an additional clue for our thesis about a new Bearish impulse for the GBP pair. The Ichimoku forecast is still Bearish and the Stochastic in the Overbought area may fall in the range very soon.

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