GBPUSD long, price action
GBPUSD is bouncing off the 1.40 support level - which has been an important level for several months now. A doji like bullish candle formed at this level after a bearing downtrend, followed by a new higher high on the following candle. MACD and RSI both indicating oversold. For added confirmation, the price is bouncing off of Bollinger Band walls and ready to move towards the middle, also price is below 50 and 200 MAs.
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.