GBP/USD:Pullback on 78.6% Fibonacci , possible Short setup
Updated
The EUR/USD today start with a Bearish candle and the GBP/USD is highly correlated also start today's session with a rebound on the Bearish trendline by the Channel and the high level of Fibonacci 78.6%. We can see a Divergence and Overbought in Stochastic indicator like a possible other signals for this currency pair. Our Vision remains bearish after this retracement for the GBP working like a Pullback in a downtrend maintrend.Target is 1.200
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