GBPUSD NOT GOING FOR NEW HIGH

DATE:20/04/2014

RENKO CHART:
Double top forming

CANDLESTICK

Bearish gravestone doji on Thursday is ominous, considering the strong resistance zone
The next day is a down day below the INTERNAL FIB LINE (IFL), warning sign number 2
On the MOMENTUM chart, bearish divergence has formed, warning sign number 3.

CONCLUSION
Seems like the GBP is not making a new high after all, at least not for this week.