I think British Pound will move down because price made such huge absorption.
It shows that buyers don't have enough power to move price rate up. Also, there is a lot of uncertainty about Brexit and voting.
Near 1.2890 will be that best place to open Sell.
It shows that buyers don't have enough power to move price rate up. Also, there is a lot of uncertainty about Brexit and voting.
Near 1.2890 will be that best place to open Sell.
Note
Near 1.2910 you can open Sell with low risk. Trade closed manually
GBP/USD close above a key levelClose sell
Note
Price still can move downI would wait when 1hour candle will close under 1.2911
Note
Sell after pullback Trade active
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.