My view unchanged.
We are nicely protected DC top and clearly we are overextended (RSI overbought not shown). The stochastic slightly positive but think its likely to turn on the corrective action, if my personal feel.
SELL GBPUSD current 1.3710-1.3750 range and place stop-loss above 1.3785 for now. Profit objective 1.3537 (and perhaps little lower).
We are nicely protected DC top and clearly we are overextended (RSI overbought not shown). The stochastic slightly positive but think its likely to turn on the corrective action, if my personal feel.
SELL GBPUSD current 1.3710-1.3750 range and place stop-loss above 1.3785 for now. Profit objective 1.3537 (and perhaps little lower).
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Disclaimer
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.