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DrRoach2
Mar 3, 2021 5:50 AM

Turning point for GBPUSD Short

GBP/USDOANDA

Description

GBPUSD came into resistance not reached since 2018. GBPUSD has been in an upward trend since March 2020, the month that the country went into lockdown. RSI on the daily chart was in over bought at 75. If the high of 1.42433 isn't broken and the low of 1.3859 is, then we could see a potential reversal of 2490 pips which would be massive. The UK announce their budget on 3rd March too which could have a part to play in all of this.
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