I prefer entering into a short GBP/USD Pair @ 1.5156-1.5160 Target 1.5087-1.5025, stop loss 1.5210
Rationale
The hourly RSI is turning lower form the overbought zone and the daily RSI is bearish. This accompanied by a failure to sustain above 5-DMA tells me the cable is likey tohead lower.
Rationale
The hourly RSI is turning lower form the overbought zone and the daily RSI is bearish. This accompanied by a failure to sustain above 5-DMA tells me the cable is likey tohead lower.
Trade closed manually:
Part profit booked at hourly 100-MA level immediately after the release of the data...
remaining positions stopped out in the NY session
remaining positions stopped out in the NY session