GBPUSD – Currency Pair in Overbought Territory

12.06.2024

H4: The currency pair remains in overbought territory but is unable to rise above the four-hour supertrend line. Against this background, the scenario with a price decline remains a priority. We are waiting for a breakout of the level (8/8) and a drop towards the intermediate support level (6/8).

Trading Decision: Sell at 1.2740, TP 1.2635.