Gpb/Usd: Momentum Play

The price for the Gbp/Usd shot up rapidly on Friday after the negative U.S construction data came out. After the initial spike the price has topped out and the momentum has dropped and the price could continue to drop based on the 4hr chart. If you look at the chart below I have highlighted some topping tails combined with a bearish candle that could indicate continued momentum to the downside. Read more »