GBPUSD Will Go Higher From Support! Buy!
Updated
Please, check our technical outlook for GBPUSD.
Time Frame: 7h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 1.251.
The above observations make me that the market will inevitably achieve 1.261 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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Comment
That was an excellent trade and the target was reached too!
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