GBPUSD is trading around 1.2550, showing a weak bullish bias.
Key support is at 1.2500, with resistance near 1.2650. Indicators like RSI at 64.4 suggest neutral momentum, while the stochastic oscillator hints at potential overbought conditions. Short-term moving averages indicate bullish momentum, but medium to long-term trends remain mixed, reflecting market indecision.
Traders should watch for a breakout above 1.2650 or a drop below 1.2500 to confirm the next direction.
Key support is at 1.2500, with resistance near 1.2650. Indicators like RSI at 64.4 suggest neutral momentum, while the stochastic oscillator hints at potential overbought conditions. Short-term moving averages indicate bullish momentum, but medium to long-term trends remain mixed, reflecting market indecision.
Traders should watch for a breakout above 1.2650 or a drop below 1.2500 to confirm the next direction.
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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.