The GBP/USD is moving higher, we may be looking at a possible XABCD bearish pattern in the making. Adding to that possibility, the pair is overbought on both oscillators on the hourly chart. Additionally, if we look at the bigger picture on the daily, the pair remains in a down-trend, with an RSI reading of sub 50, and the pair trading below the cloud. All things considered, we favor shorting the pair at some point of exhaustion.