InvestingScope

GBPUSD: Sell this 2nd 1D MA50 test.

Short
FX_IDC:GBPUSD   British Pound / U.S. Dollar
GBPUSD is practically neutral on its 1D technical outlook (RSI = 56.00, MACD = -0.001, ADX = 28.566) and testing the 1D MA50 for the 2nd time since May 3rd. Last time it got rejected emphatically and being exactly on the LH trendline, there is very low risk in selling on the current market price. The target is a little over the S2 level (TP = 1.2220).


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