GBPUSD reversed from major resistance around 1.3500 mark

GBPUSD has hit yet another high today around 1.3482 mark. It was expected to cross 1.3500 resistance but nonetheless bears seem to be poised to get back in control. The currency trades around 1.3410/20 for now and is producing an engulfing bearish candlestick pattern on 4H time frame. We shall be prepared for yet another push through 1.3500 handle before giving in to bears. Overall, GBPUSD might be facing strong resistance around 1.3500/10 mark.

Aggressive traders might remain short, stop around 1.3600, target is open.

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