GBPUSD broke above the current 2.5 year supply zone, however the next candle was bearish and erased all gains. This could indicate a fake-out and we could expect price to come back down.
With price being over bought as well, and being at the top of the entire Brexit range, we could expect price to come back down to current rising trendline first.
Await a pullback should price come back into the Brexit range for opportunities to short GBPUSD.
With price being over bought as well, and being at the top of the entire Brexit range, we could expect price to come back down to current rising trendline first.
Await a pullback should price come back into the Brexit range for opportunities to short GBPUSD.