GBPUSD : Short-term correction is due !

Ladies and gentlemen,

Overall :

After a breakdown of the yearly range in 2016, GBPUSD is now in a bear market. But recently GBPUSD had finally breakout his triangle. Now what ?

Trade :

The price is currently overvalued, topping on a Daily 9. It should retrace to the area of the breakout and at this time, if it finds support, a (short to mid-term) bullish trade will be confirm. On Daily a nice double bottom is trying to form and this triangle on 4h could help it to realize.

Type of trade : Continuation (consolidation).
Time-frame : 4h (short-term trade).

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DISCLAIMER : I'm not a financial advisor. I can't be responsible for your losses. You trade at your own risk.