GBPUSD is currently at a resistance level on a weekly. Last time price hit this area we had a strong reversal south (Sep 2017).
Price is overbought with RSI pointing south.
Look to sell at top of this channel to the bottom of the channel and sell at a break below this channel.
TP @ 1.3430 & 1.2900 areas long term. I'd recommend taking profit areas of 50-75 pips.
Good luck and let me know if I can help in any ways!
Charles V
CVFX Management
Trading made Simple
2020 Growth: 206%
Price is overbought with RSI pointing south.
Look to sell at top of this channel to the bottom of the channel and sell at a break below this channel.
TP @ 1.3430 & 1.2900 areas long term. I'd recommend taking profit areas of 50-75 pips.
Good luck and let me know if I can help in any ways!
Charles V
CVFX Management
Trading made Simple
2020 Growth: 206%