GBP/USD - short-term descending tendency: lower top and deeper bottom
Negative indicators: CCI/50/ and RSI are below 0
Bearish EMA`s, price below EMA5
Price action: The short-term growth ends around levels of resistance and dodji on the top, followed by absorbent bearish bar. Sell formation, but at this moment the price is quite low and is risky for new sell.
Today we expect data from UK at 11:30 and FED tomorrow
In this case the entry shouldn`t be lower than 50% correction of the bearish bar with stop 10 pips above the top 1.5473
Sentiment: The data from UK are negative. Despite that the markets will be more affected by the USD strength
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