GBPUSD: False breakout from resistance. Short

British Pound/U.S. DollarFXCM

Description

⋅ Oct 11, 2021 7:59 AM

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.