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DailyFX.com - Talking Points GBP/USD Technical Strategy: Shorts Pending Bears Hesitate As Doji Candlesticks Emerge Four Hour Chart Shows Signs Of Indecision GBP/USD’s slow sideways drift has produced a pair of Dojis which signal indecision from traders. Despite the proximity to key support at 1.5880 a lack of bullish reversal patterns casts doubt on a bounce. This leaves a breakout below the nearby barrier to offer a fresh short opportunity. GBP/USD: Dojis Suggest Indecision As Sideways Drift Endures GBP/USD Dojis Suggest Indecision As Sideways Drift Endures Daily Chart - Created Using FXCM Marketscope 2.0 , Volume Indicator Available Here A similar Doji display on the four hour chart further suggests hesitation from the bears to lead the pair lower. A more convincing close below the 1.5960 floor would be required to pave the way for a descent on the 1.5880 barrier. GBP/USD : Doji Emerges At Intraday Barrier GBP/USD Dojis Suggest Indecision As Sideways Drift Endures 4 Hour Chart - Created Using FXCM Marketscope 2.0 , Volume Indicator Available Here B y David de Ferranti , Currency Analyst, DailyFX Follow David on Twitter: @Davidd eF e To receive David’s analysis directly via email, please sign up here . Learn how to read candlesticks to help identify trading opportunities with the DailyFX Candlesticks Video Course . original source DailyFX provides forex news and technical analysis on the trends that influence the global currency markets. Learn forex trading with a free practice account and trading charts from FXCM . View comments
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