Chartist-Trading

GBPUSD: False breakout from resistance.

Short
FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD: The false break of the resistance at 1.3655 and the reversal hourly candle alongside with overbought RSI readings make a retracement towards 1.3610-15 a probable scenario. We will set our stops above the highs targeting 1.3620 and 1.3600.
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.