GBPUSD > What Is the Next Move Here?

2020년 8월 30일

Kindly like the ideas if it is helping you and leave a comment, it will support me and provide a motive to keep posting new profitable trading ideas for you 😉⠀

Analysis of #GBPUSD

If you look at the recent move this market reached Dec-2019 high which also key level to this pair right around 1.3350, now let's have a look at RSI which to me indicating there are not a lot of forces behind this movement and shows a big divergence.

This market now at a decision point and has to decide whether it wants to break up or make a retracement lower, I think lower it goes but am not shorting it

I believe this market provides good value at 1.300 which seems far from the current prices, and it is not short for me as it has multiple support levels below it




⠀
Check today analysis below⠀
_____________________________________________________________________________⠀
-DISCLAIMER: This Information Is Not a Recommendation to Buy or Sell. It Is to Be Used for Educational Purposes Only⠀
-⚠ Please Note This Is Just a Prediction and I Have No Reason to Act on It and Neither Should You