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May 21, 2025

Trade ideas

GBPUSD: Sell Opportunity

GBPUSD, H4

GBPUSDH4.png

On the H4, GBPUSD rebounded from the trendline, with the asset collecting liquidity above the 1.3440 resistance.

The RSI oscillator leaves the overbought zone, suggesting a bearish scenario for the 'Cable.'

  • Consider a short trade on GBPUSD if it breaks below the 1.3400 support level. The targets are 1.3340 support and 1.3260 on a further bearish move.

Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.

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Timur Yurdagyul

Author: Timur Yurdagyul

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