GBPUSD testing a major resistance : SHORT
Updated
Price is approaching a major resistance that has already been rejected on the daily chart. The price respected the Fibonacci extension levels and RSI shows that price tends to be overbought at this major area. I would expect a major drop to the major support at 1.36 area. I would suggest then : SL at 1.39600 with a TP at 1.36181
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Price rejected resistance : beginning of a downtrend my friends.
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