GBP/USD possible short-term decline, short remains

GBP/USD keep it’s negative trend. Pair moves in the corrective channel of the downtrend, which may be a flag at H4 timeframe.

Break below the lower diagonal will activate the flag formation with decline potential.

Price is under MA.

At the moment we don’t have any signals for positions.

CCI goes over 0 which may mean a possible rise but untill now we don’t have confirmation from the price which must move over the MA’s

 Varchev Traders

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