GBP/USD, Intraday analisys
GBP/USD is at the sell zone:
The D1 chart:
1) the completion of the downside correction (exact 61.8 Fib);
2) daily pinbar at 50 SMA and strong resistant level 1.3 (round number).
The 4h chart:
1) RSI is in an overbought zone;
2) pinbar at 200 SMA and 1.3 level.
I expect some side movement between 1.300 and 1.293.
The D1 chart:
1) the completion of the downside correction (exact 61.8 Fib);
2) daily pinbar at 50 SMA and strong resistant level 1.3 (round number).
The 4h chart:
1) RSI is in an overbought zone;
2) pinbar at 200 SMA and 1.3 level.
I expect some side movement between 1.300 and 1.293.
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