GBPUSD back in this descending channel which has seen many touches to both trendlines.
Price has impulsed so good chance there is some upside here also with DXY looking weak.
That said I don't expect another upper trendline touch - i think this trend is falling down.
Any overbought RSI on the daily I think will be a good entry and just to hold and wait for collapse this time around.
I will possibly look to open shorts as RSI hits the upper quadrant - assuming it does.
Not advice.
Price has impulsed so good chance there is some upside here also with DXY looking weak.
That said I don't expect another upper trendline touch - i think this trend is falling down.
Any overbought RSI on the daily I think will be a good entry and just to hold and wait for collapse this time around.
I will possibly look to open shorts as RSI hits the upper quadrant - assuming it does.
Not advice.
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