GBPUSD Will Go Lower From Resistance! Sell!

Singkat

Paun British / Dolar A.S. (FX:GBPUSD)

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FX:GBPUSD Paun British / Dolar A.S.

trendanalysis chartpattern waveanalysis gbpusd short sell trading currency forex forecast swing signals

Please, check our technical outlook for GBPUSD.

Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish

The market is trading around a solid horizontal structure 1.268.

The above observations make me that the market will inevitably achieve 1.261 level.

P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.

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Komen:

I am confident in this trade so I will keep it open!

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