GbpUsd could dive under 1.2
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
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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