Potential Short on GBPUSD
Here is my analysis of the GBPUSD currency pair.
This pair has been down trending for a while now and past bullish leg has come to a close on previous resistance at the 1.3000 level.
Price has already reacted once and has come close to the 70% overbought RSI signal.
Would recommend a TP level of either 1.2700 1.2500 1.2000 and a SL position of around 1.3150
Let me know your thoughts
This pair has been down trending for a while now and past bullish leg has come to a close on previous resistance at the 1.3000 level.
Price has already reacted once and has come close to the 70% overbought RSI signal.
Would recommend a TP level of either 1.2700 1.2500 1.2000 and a SL position of around 1.3150
Let me know your thoughts
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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.
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.