gbp/usd idea
Good morning everyone this is my idea on gbp/usd, we can see that from more or less july 2016 the price has started to fluctuate in a trading range, where there are highs at 1.344 – 1.3297 and lows at 1.21087 – 1.19591, we can also see that the price has created a channel (that you can see on the chart), which after hits the highs of march 2018, has started to decrease. In my opinion that this might be a fake breakout of the trading range, and maybe the price might approach the levels of 1.372 – 1.365 where there is a huge volume cluster. Or maybe it could go toward the highs of the trading range, moreover we can also see a divergence on the RSI, which can tell us that the price has started to lose his momentum.
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