GBPUSD
Sterling is unwinding its oversold condition by flipping within
a near term range bordered by resistance at 1.3614 and
support at 1.3462-1.3455.
A break below 1.3450 will trigger the next short down to
1.3301.
And on the upside a break above 1.3615 is required to arrest
the downtrend and to start flipping more short stops for a 100
pip rally to 1.3715.
Sterling is unwinding its oversold condition by flipping within
a near term range bordered by resistance at 1.3614 and
support at 1.3462-1.3455.
A break below 1.3450 will trigger the next short down to
1.3301.
And on the upside a break above 1.3615 is required to arrest
the downtrend and to start flipping more short stops for a 100
pip rally to 1.3715.
Note
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.