GbpUsd- Where to sell?
Since the recent 1.2180 low, GbpUsd has risen nicely and now the pair is trading at 1.2640.
However, the long-term trend for the pair is grossly bearish and the pair now is facing strong resistance at the 1.27 zone.
Also, the rise from 1.23 is contained in a rising wedge and this can lead to a reversal.
My sell zone for GbpUsd is around 1.27 with negation above 1.28 and I expect a new leg down in the near future
However, the long-term trend for the pair is grossly bearish and the pair now is facing strong resistance at the 1.27 zone.
Also, the rise from 1.23 is contained in a rising wedge and this can lead to a reversal.
My sell zone for GbpUsd is around 1.27 with negation above 1.28 and I expect a new leg down in the near future
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