GBPUSD - Intraday - We look to Sell at 1.2620 (stop at 1.2655)
A shooting star has been posted as prices reject the higher levels. Traded to the highest level in 25 days. The reaction lower is negative and highlights a clear reversal. The overnight rally has been sold into and there is scope for further bearish pressure going into this morning. A lower correction is expected. Preferred trade is to sell into rallies. Our profit targets will be 1.2515 and 1.2455