GBPUSD (1H) - short term bullish bias
After a few days of sideways action, the British pound resumes its movement on the upside. Sellers have failed to push below the psychological level of 1.3100, and instead let buyers establish a stronghold above 1.3130. This allowed the over-shot RSI to get back to the neutral zone and ready for the next rally. As we speak, the break above 1.3180 is a sign that buyers have retaken control, a bullish MA cross will be the final confirmation that pre-election optimism has yet to fade.
Key support: 1.3130
Key resistance: 1.3270
After a few days of sideways action, the British pound resumes its movement on the upside. Sellers have failed to push below the psychological level of 1.3100, and instead let buyers establish a stronghold above 1.3130. This allowed the over-shot RSI to get back to the neutral zone and ready for the next rally. As we speak, the break above 1.3180 is a sign that buyers have retaken control, a bullish MA cross will be the final confirmation that pre-election optimism has yet to fade.
Key support: 1.3130
Key resistance: 1.3270
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.
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.