Hello Traders,
GBPUSD had a very strong bull run and our Analysis to go short was proven wrong.
Now we'd like to enter on this strong uptrend, however, price is in a very strong over-bought state as indicated by our RSI. We would like price to retrace into our buy zone so that we can get a good price level to go long.
Possible retracement levels are 1.27650 or 1.27400.
I wish you all a happy New Year.
GBPUSD had a very strong bull run and our Analysis to go short was proven wrong.
Now we'd like to enter on this strong uptrend, however, price is in a very strong over-bought state as indicated by our RSI. We would like price to retrace into our buy zone so that we can get a good price level to go long.
Possible retracement levels are 1.27650 or 1.27400.
I wish you all a happy New Year.
