GBP/USD: Price rebound on resistance and Falling Down ! SHORT

As explained yesterday


the price after the CPI release news had in a first moment Big Bullish candle, absorbed and then the retested again the Dynamic resistance given from the Bearish channel inside the 50 / 61.8% Fibo levels and Resistance area ( White rectangle ) before definitely dropdown. The Stochastic it's a comeback in the range area after the Overbought area, ( note the Divergence ) meanwhile, the RSI Turned Bearish today in the H12 timeframe.

In the lower timeframe, on the Right of the chart, we can see a Double Top formation with divergence and Overbought by the RSI.
Yesterday we show this opportunity and today the price dropped down following our Idea of the forecast.