GBPUSD - Bearish Impulse
GBP pairs are expected to gap bearish on market open indicating the trend reversal. Wait for correction/close of gap for potential entries. Rejection is expected off trapped previous volume (look left to see consolidation. This sideways momentum acts as a strong zone of resistance as well as RSI levels in severely overbought territory.
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Disclaimer
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.