Here is my analysis of the GBPUSD currency pair.
This pair has been down trending for a while now and past bullish leg has come to a close on previous resistance at the 1.3000 level.
Price has already reacted once and has come close to the 70% overbought RSI signal.
Would recommend a TP level of either 1.2700 1.2500 1.2000 and a SL position of around 1.3150
Let me know your thoughts
This pair has been down trending for a while now and past bullish leg has come to a close on previous resistance at the 1.3000 level.
Price has already reacted once and has come close to the 70% overbought RSI signal.
Would recommend a TP level of either 1.2700 1.2500 1.2000 and a SL position of around 1.3150
Let me know your thoughts