FX.co ★ GBP/USD - Sell if close below 1.5395 - for July 24, 2013 (daily strategy)

The pound sterling moves without trend within a primary bullish trend in 4H charts, but with a support 1.5320, break of which would determine the start of a major downtrend and also notice the formation of a figure of reversal (triple top). It seems to confirm the bearish direction of the British currency for the rest of the day. However, if we look at the Momentum Indicator, it is showing strong bearish signal and confirms that the higher up the pair the better opportunity to sell, with target 1.5191, and if this area is broken we expect it to fall to 1.5050 level.

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