ajkhan30

GBPUSD DTF Trade Opportunity Short 06/01/2023

Short
OANDA:GBPUSD   British Pound / U.S. Dollar
The price action after facing rejection from strong resistance at 1.24504 has turned bearish and on its way to anticipated Fib retracement of 61.80% (1.16563), 50% (1.14110) and further 38.20% (1.11567).
The anticipated bearish trend is also supported by Bearish Diversion in RSI.

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.