WaveSavvyTrades

GBPUSD RSI and Stochastic Divergence

Short
OANDA:GBPUSD   British Pound / U.S. Dollar
On a pull back 20 4hr moving average 129.41 would likely act as a resistance. In worst case, the resistance from June 2015 at 1.3000 may offer resistance and price would likely drop to about 1.2780.

Disclaimer: this is by no means a financial advise. This is just my way of sharing my trade ideas with the community and any decisions you make from it is entirely yours and has nothing to do with me.

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.