GBPUSD is ahead of short-term correction
As I’ve mentioned in my previous entry, price action at GU during the Asian session wasn’t volatile. The pair peaked at the beginning of it @ level 1.5085 and started to retrace.
According to Fibo lines, the correction move (4) hasn’t been completed yet. That’s why short-term sell orders can be opened with SL 1.509+ and initial TP 1.503.
The chart is attached.
Just minutes after the post was published, GBPUSD made a downside move till 1.504