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LamboCapital_FX
Jul 9, 2020 11:43 AM

GBPUSD opportunity to SHORT Short

British Pound/U.S. DollarFXCM

Description

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

Comment

Target reached.
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