BP/USD is exhibiting downward pressure, presenting a potential short trade setup as the pair responds to a strengthening U.S. dollar and ongoing economic uncertainty in the UK. Key technical indicators, such as the Relative Strength Index (RSI) showing bearish divergence and the pair trading below its 50-day moving average, suggest a continuation of the downward trend
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.