Our Chart Focus today was a short sell recommendation on GBP/USD. We had recommended to sell GBP/USD at 1.2875 with a stop at 1.2915 and profit target at 1.2800.
Price has risen after London opening to a high of 1.2885. Our view remains unchanged. We think price should be going lower to 1.2800 to complete the decline. Price should not go above 1.2900 for our bearish view to persist.