GBP/USD Short Opportunity

27 Nis 2017

Potential double top short opportunity and with the dollar primed to rally I think this is a good short set up. Daily RSI is in the overbought level for the first time since mid 2015. Weekly RSI is at a previous high and could see resistance there. MACD and PPO are both negatively converging. A GDP report that could potentially reverse the trend is coming Friday 4/28 at 4:30 am est. If price break and holds below the 8 period EMA I think trend will reverse.