GBPUSD has been gaining non-stop from 1.225 to 1.265, mainly from the weakening of Dollar
1. Hitting strong resistance area at 1.265
2. RSI showing divergence, price higher high but RSI lower low
3. Still running in a rising wedge but potential fall per above
To target Fib 38.2% at around 1.250 -1.252
1. Hitting strong resistance area at 1.265
2. RSI showing divergence, price higher high but RSI lower low
3. Still running in a rising wedge but potential fall per above
To target Fib 38.2% at around 1.250 -1.252
Comment:
Target reached.