Algo0UAE

GBPUSD ready to reverse down on H1 time frame

FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD Price : 1.24400

Trend : Down on daily chart and the crashed with resistance at the level 1.24600 pushed the prices up many times in the past ( as mentioned on chart by rows )

Transaction: Sell

Reasons : mentioned on charts ( strong resistance + Overbought signal on Stochastic )

Technical analysis failure at level : 1.24750

Technical analysis success at level : : 1.23870

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.