Looking at the chart it is indeed a strong sell but a reversal is coming soon if we look at the chart pattern for weeks everytime it sells it comes back to touch that trend line GBPUSD is going to test that trend line again and remember we are in the beginning of the month a lot of things can happen.
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.