Possible short entry on GBPUSD after the retest of support turning to resistance.
This is also in line with:-
1) possible swap zone area demand turned to supply zone
2) fib retracement level - 50% - 62%
3) high chances that price might go back to retest the resistance level since RSI is showing bullish divergent
Look at the chart for further details.
PS: This is not a trade signal. it is just our opinion.
Thank you.
Have a good day.
This is also in line with:-
1) possible swap zone area demand turned to supply zone
2) fib retracement level - 50% - 62%
3) high chances that price might go back to retest the resistance level since RSI is showing bullish divergent
Look at the chart for further details.
PS: This is not a trade signal. it is just our opinion.
Thank you.
Have a good day.
