GBP/USD Sell Bellow 1.63 for September 18, 2012 (Daily Strategy)

The British Pound is more stable now, although it is influenced by an upward force. Given that many pairs may take significant corrections during the next few days, there is a correction of key level towards 1.60. Taking into consideration the opportunity we have against the actual uptrend, we recommend selling at support level of 1.6035. as the stop loss will place it above the highest recorded level of 1.63 fractal. The last candlestick is showing an imminent correction in the price of the pound. Indicators are showing overbought levels.