Please, check our technical outlook for GBPAUD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 2.060.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 2.029 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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✅JOIN FREE TELEGRAM: t.me/signalsproviderfx
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🔝Best Broker: icmarkets.com/trading-markets/forex/?camp=51166
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🔝Best Broker: icmarkets.com/trading-markets/forex/?camp=51166
Related publications
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.