GBPUSD is shaping up to be one of my favorite pairs right after GJ. With the price approaching the upper bank of the rising channel which is in confluence with the resistance level at around 1.3600 and the 4 hour RSI divergence, we expect a 270 pips move to the downside. but as usual, we are gonna have to wait for the bearish reversal pattern on lower timeframes (preferably 1hr) and confirmation before executing a sell entry.
This year is off to a terrific start.
This year is off to a terrific start.