GBPUSD Weakness May Continue as Hourly Gives Bearish Crosses

GBPUSD is in the bearish area on the daily chart on the left. A bearish cross of EMAs and stochastic have aligned today's short-term traders with the daily. A movement of stochastic to 20 level and maintenance of that level increases the chance of a successful trade. Trend following indicators may be useful in this case as a potential exit tool. Stop above hourly high in conjunction with risk management techniques.