AW2729

GBPUSD testing a major resistance : SHORT

Short
AW2729 Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Price is approaching a major resistance that has already been rejected on the daily chart. The price respected the Fibonacci extension levels and RSI shows that price tends to be overbought at this major area. I would expect a major drop to the major support at 1.36 area. I would suggest then : SL at 1.39600 with a TP at 1.36181
Trade active:
Price rejected resistance : beginning of a downtrend my friends.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.