As seen from the chart, price of GBPUSD currency pair has failed to close above 4H resistance level.
Price is now expected to bounce off the resistance level and move towards to next support level and thus, making this a potential short position.
All these can be further confirmed by RSI and Stoch being in overbought zones.
Do let me know what you think.
Price is now expected to bounce off the resistance level and move towards to next support level and thus, making this a potential short position.
All these can be further confirmed by RSI and Stoch being in overbought zones.
Do let me know what you think.
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