We can see on the chart that the #pair has risen, with the #British Pound achieving gains during the previous period. However, despite this increase, the pair has lost its #bullish momentum.
On the 4-hour timeframe, the #RSI indicator has crossed above the 80 level, and we can also see reversal patterns in the #Japanese candlesticks. #Additionally, the #MACD indicator #signals have moved sideways.
On the #daily timeframe, the #RSI indicator has also crossed above the 70 level, and the current daily candle may be the beginning of a bearish #candlestick pattern.
All of the above confirms the view of the Forex Trade Time #analysis team that the end of the uptrend is imminent, with the start of a downward wave for the pair.
There may be strong opportunities to capture profits from the upcoming #wave.
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