Sell GBP/USD @ 1.5087 Target 1.50 stop Loss 1.5125
Sell gBP/USD @ 1.5087 Target 1.50 stop Loss 1.5125
the daily RSI remains below 50.00, but still above oversold territory. Tpair is likely to see a renewed selling pressure around the hourly 50-MA at 1.5117, leading to a break below 1.5087 (61.8% of Apr-Jun rally). Failure to sustain above 1.5087 would open doors for a drop to 1.5027-1.50 levels.
the daily RSI remains below 50.00, but still above oversold territory. Tpair is likely to see a renewed selling pressure around the hourly 50-MA at 1.5117, leading to a break below 1.5087 (61.8% of Apr-Jun rally). Failure to sustain above 1.5087 would open doors for a drop to 1.5027-1.50 levels.
Trade closed manually:
exiting short at minor loss of 8 pips. @ 1.5095. Outlook stays bearish, but we can always re-enter