The British Pound looks set to turn lower after prices re-tested support-turned-resistance at support-turned-resistance at a rising trend line established from the swing low in March that was originally broken on in late August as the pair put in an Evening Star bearish reversal candlestick formation. We will enter short from here, initially targeting 1.6112. A stop-loss will be activated on a daily close above 1.6749.
[I]Created Using CQG - Prepared by Ilya Spivak[/I]