GBPUSD sell around 1.3905

GBP/USD US session: Bearish break from falling channel

GBPUSD m15 (02-24-2016 1712)

  • oversold on intraday. but if fails to sustain/take out 1.3905 could result in a drop to 1.3840
  • Longs can be build only if it breaks above 13925 for a target of 1.3963.
  • Overall looks bearish after having rejection at 1.40 earlier today followed by a bearish break from the falling channel seen on the 15-min chart.
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