FXLeaders

Going Short on GBP/USD

Short
FX:GBPUSD   British Pound / U.S. Dollar
GBP/USD has retraced up after trending down for about two weeks. Although, it has been retracing up today, but the retrace seems complete now. The stochastic is overbought, the 50 SMA provided solid resistance and the previous H1 candlestick closed as a doji which is a reversing signal. So, we sold GBP/USD.
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.