GBPUSD Will Go Down! Sell!

26. Apr.

Please, check our technical outlook for GBPUSD.

Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish

The market is trading around a solid horizontal structure 1.250.

The above observations make me that the market will inevitably achieve 1.247 level.

P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.

Like and subscribe and comment my ideas if you enjoy them!

27. Apr.

Trade geschlossen: Ziel wurde erreicht

That was an excellent trade and the target was reached too!