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GBP/USD FULL ANALYSIS: Fib level and flows point lower

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
MujkanovicFX  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis GBP USD GBPUSD fx Forex signals buy SELL
9
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trendanalysis chartpattern beyondta gbp usd gbpusd fx forex signals buy sell
TECHNICALS:

Daily: Resistance at 1.2450 - 1.2500 that would take a strong sell-off (unlikely) in USD to break. Current levels align with the 61.8% Fib level as well.

1-hour: Bearish RSI divergence and selling pressure emerging this morning.

FLOWS: Very bearish on GBP

NEWS THEMES: Negative Brexit headlines could push the pound lower.

CORRELATIONS: Yield differentials point lower.

snapshot

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