Pulling up the monthly chart on GBP/USD, we can see how it’s tested the (red) trendline on a few occasions over the past couple of years. Even in November ALREADY it’s been tested. Taking a look at the indicators at the bottom of the screenshot, you can see that the Stochastics are smoothly pointing down, yet far from oversold, indeed they’re above the half way line. In addition the AC has just turned red last month. I’m confident of some bearish pips here people…
