GBPUSD in a critical area

25 thg 9, 2020

The pair is in a rectangle, we can see a strong rsi divergence which may suggest a possible upside breakout, the Cable needs to close an h4 candle above 1.2780 in order to validate it. in daily chart it s been formed the C wave (retracement from 1.30 to 1.2765) and now there should be a new wave 1 towards 1.30. If the price closes under 1.275 you can open a sell position with target 1.225. Pay attention to false breakouts and use some filters (for example moving averages)
Use an appropraiate money management.