GBPUSD: Bears still lurking?GBPUSD
Intraday - We look to Sell at 1.1485 (stop at 1.1580)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. We are trading at overbought extremes. A Doji style candle has been posted from the high. A lower correction is expected. Previous resistance located at 1.1495. Preferred trade is to sell into rallies.
Our profit targets will be 1.1210 and 1.0880
Resistance: 1.1495 / 1.2115 / 1.2670
Support: 1.0880 / 1.0325 / 1.000
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