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GBPUSD 11 Sep 2023

GBPUSD 11 Sep 2023 on the H1 timeframe, looks like this pair is trying to break the kumo on the ichimoku indicator. Started bullish since the end of last week climbing towards S1. Even though it is inside the kumo and trying to continue bullish, but if referring to the stochastic indicator there has been overbought which allows a trend reversal to occur. Therefore go-short could be an option for scalpers. But if there is a factor that is able to influence then this pair continues bullish until it breaks S1, then go-long is an option. Keep an eye on market movements and learn other indicators before making trading decisions.

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