Breakdown: The GBP/USD broke below a rising speedline and the 1.5324 pivot, setting up a price top situation that suggests at least some short-term bearish correction against the rally from July’s 1.4812 low. Pullback, confirmation: After the breakdown, there was a bullish swing that failed to push above the 1.5391 high and a subsequent swing down below the 7/24 low. This suggests the top has been established and the market has neutralized to sideways/bearish mode in the short-term. Moving averages, RSI: In the 1H chart, GBP/USD looks like it is turning bearish with price falling below the 100,55,21,8 period moving ... (full story)