GBP INDEX , on the long term , weekly chart
as we are purely technical , we only look at what the chart tell us . and in this case we can see that there is a divergence on the weekly chart with the price sitting on a major support area, with rsi oversold.
reasons to look for ling on the pound ( position trading as this analysis is based on the weekly chart)
1- divergence
2- strong support
reasons to look for ling on the pound ( position trading as this analysis is based on the weekly chart)
1- divergence
2- strong support
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