GBPUSD 21 April 2020 Update #3

Hi,

The bearish reversal to 1.23000 has hit and is now on the move again, I would anticipate a retracement towards the 1.23420 resistance level. This would be a good level to place another sell limit order and chase it down towards 1.22610 for hopefully a 750pip gain. The RSI is still firmly in the sell zone and should keep its momentum to the downside. 

( The information provided is purely speculative and we do not accept any gains or losses which may result from our analysis)