GBP to USD:
GBP/USD D1 chart, yesterday’s price surged due to the release of CPI data. However, it also closed below the resistance level yesterday, so there is still a very big chance to fall. The Fibonacci indicator price also briefly touched the 0.618 level again. There is a lot of room for downside.
The H1 chart can also see the price getting stuck on the way up. And Rsi has reached its peak position, it is a good time to go short.
Order suggestion:
A pending order to sell short at the resistance level.
All transactions involve risks, the above analysis is for reference only. When placing an order, be sure to set the lot size and remember to set the stop loss.
