GBPUSD has tested 1.5688 six times already.
The 2 week momentum is flat and today's price action is heading to a high zone of resistance and became oversold.
I expect a retracement to at least 1.565 if the trend continues, then I will throw on a trailing stop and let it ride until it tests the top again.
The 2 week momentum is flat and today's price action is heading to a high zone of resistance and became oversold.
I expect a retracement to at least 1.565 if the trend continues, then I will throw on a trailing stop and let it ride until it tests the top again.
