GBPUSD setting itself for a dip
GBPUSD is being traded sideways, mainly due to two reasons; first is the low value of RSI which was not allowing GBPUSD to take a dip below 1.5900 and secondly, the trade volume is low due to holidays.
Technically speaking, GBPUSD seems to be opening up its RSI to take a dip below 1.5900 level. Traders will look to sell GBPUSD for anything above 1.6000 level.
Trade:
Sell GBPUSD @ 1.6020 with Stop @ 1.6060 and Profit Limit @ 1.5900
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