GBPUSD – Currency Pair Attempts to Exit Oversold Territory

03.07.2024

H4: The currency pair failed to breach the (-1/8) level but continues to hold within oversold territory. Currently, we are witnessing another attempt to break resistance at the (0/8) level. Intraday, we anticipate a retest of Monday’s high, after which the price may resume its downward movement.

Trading Decision: Sell at 1.2715, TP 1.2605.