MAJOR Pair Trade - GBPUSD - Monday

FREE ANALYSIS ON GBPUSD

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1 HOUR

GBPUSD is making a pull back to the previous support level now turned resistance.

Things to consider:

1. 20 day MA and 100 day MA crossing over so some move to the upside possible
2. MACD is now in the overbought region
3. Price could test the 1.219 region, watch the point for sell.
4. Stoch RSI now crossing over to the downside.

Wait for break in trend line for sell down.

OVERALL
expecting More downward move on this pair. to the next psychology level of 1.2050 and 1.2000

Wait for break in trend line for sell down.