Sell gBP/USD @ 1.5087 Target 1.50 stop Loss 1.5125
the daily RSI remains below 50.00, but still above oversold territory. Tpair is likely to see a renewed selling pressure around the hourly 50-MA at 1.5117, leading to a break below 1.5087 (61.8% of Apr-Jun rally). Failure to sustain above 1.5087 would open doors for a drop to 1.5027-1.50 levels.
the daily RSI remains below 50.00, but still above oversold territory. Tpair is likely to see a renewed selling pressure around the hourly 50-MA at 1.5117, leading to a break below 1.5087 (61.8% of Apr-Jun rally). Failure to sustain above 1.5087 would open doors for a drop to 1.5027-1.50 levels.
Trade closed manually
exiting short at minor loss of 8 pips. @ 1.5095. Outlook stays bearish, but we can always re-enter
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.