What came up must go down

FX:GBPUSD   British Pound / U.S. Dollar
256 3 1
Picture becomes more gloomy for the GBP now. RSI is in the neutral zone. So I wouldn't overestimate a possible rise of it at this time.
Yes, I can see some bearish divergence on your RSI. Two of the candles at the top look like footprints of sellers. However, it may find support just below 1.61. Some buyers will probably step in somewhere above the low of Sep 24th. But if this low doesn't hold, expect a major support at the trend line at approx. 1.590-1.591. But be cautious: the pound has been very strong recently and the US dollar - quite the opposite. So, personally, I'd take a conservative target.
motleifaul ForceFollower
You were right. There is not much potential to the downside. I closed the position with a "black null".
spiderFX motleifaul
I am long gbpusd. I have already taken some profit at 1.61167, but I still have my position running, looking to close it at 1.6153.
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