RDCipher

RDCipher

After the Fed decides to keep interest rates unchanged, the dollar goes up, and inflation will continuously rise until the Fed decides to cut interest rates. For GBP/USD, it will be a downtrend if the USD keeps rising. For day trading, GBP/USD is oversold in the RSI 1H timeframe and is bouncing in the demand zone. We can buy for the short term until it hits our...

RDCipher

After the Fed decides to keep interest rates unchanged, the dollar goes up, and inflation will continuously rise until the Fed decides to cut interest rates. For GBP/USD, it will be a downtrend if the USD keeps rising. For day trading, GBP/USD is oversold in the RSI 1H timeframe and is bouncing in the demand zone. We can buy for the short term until it hits our...

RDCipher Updated 

GBPUSD reached the highest supply zone or a resistant level from the first week of march. In the RSI, the price is in the overbought territory. I made a short position in the resistance possible of the strong sell zone.

RDCipher Updated 

GBPUSD is still in ranging. I'm still holding my buy position since monday.