Daily chart on GBPUSD is a "Go"
Cable has taken a turn on the daily chart! The GoNoGo Oscillator was able to break above zero a few weeks ago (first arrow) and has been riding the zero line for over a week before finally turning up today (second arrow). This is giving confirmation of the trend change identified by the GoNoGo Trend indicator above, which flagged a “Go” yesterday followed by another blue bar today.
Prior highs of 1.265 could likely act as resistance but a move above that level would signal the bulls are in control.
Prior highs of 1.265 could likely act as resistance but a move above that level would signal the bulls are in control.
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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.