British Pound / U.S. DollarUpdated GBP USD: Slowing down
GBP USD started a rally 39 RSI level supported by uptrend channels + 20 SMA.
The pair gapped down the trend supported by the 20 SMA and returned 39 RSI level. The correction found support on the 50 SMA and climbed back above the 20 SMA where it's finding resistence. Where is it going? I am not a professional trader and these are only my personal ideas. Thank you for reading and sharing yours.
The pair gapped down the trend supported by the 20 SMA and returned 39 RSI level. The correction found support on the 50 SMA and climbed back above the 20 SMA where it's finding resistence. Where is it going? I am not a professional trader and these are only my personal ideas. Thank you for reading and sharing yours.
Note
This may be of interest: investopedia.com/articles/trading/05/playinggaps.aspNote
Note
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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.