GBPUSD — correction is coming! GBPUSD is currently approachi | FBS Analytics

GBPUSD — correction is coming!

GBPUSD is currently approaching the 61.8 Fibonacci level at 1.2730, the strongest resistance of the Fibonacci Retracement;
The RSI is in the overbought area;
The price is far from the 50-period MA on the H4 timeframe.

These facts confirm an increased possibility of an upcoming correction.

Trade: Sell GBPUSD near 1.2730
TP: 1.2590

Do you believe this correction is possible? Lets discuss

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