BoneTrader

Short-term correction for GBPUSD

Short
FX:GBPUSD   British Pound / U.S. Dollar
On H4 chart for GBPUSD RSI is targeting lows, the price level itself stays lower then previous high for RSI, which signals that trend has exhausted and needs some correction to gather some powers for the next wave.

The "strongest" level seems to be near Fibo 50%.

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.