As usual, GBPUSD is doing a lot of flick-flacks and spikes before changing direction. However, ignoring these short-term noises, the image is pretty clear with the pair facing a strong resistance level and nothing to support further rise from a fundamental point of view. That being said, in my opinion, GBPUSD will reverse soon and fall to at least 1.2 zone, so rallies should be sold. 1.23 zone should cap gains very well and yesterday's high could offer a good place for stop loss
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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.