GBP / USD: Daily chart – downtrend
Price below diagonal resistance, the last bar closes below the 50MA
Price Action: engulfing bar – a negative signal
50 / 200MA: 50 under 200 – a negative trend
CCI (50) goes below 0 – negative territory
Alternative scenarios: if the price crosses above the shadow of the last bar that can spoil the negative formation and is likely to see the appreciation of the pound against the dollar.