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Peet_Serfontein

GBPUSD: bullish bias applicable?

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
Peet_Serfontein  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators
1
0
trendanalysis chartpattern indicator
Dollar weakness applicable above 1.3210.
RSI is oversold - which increases the likelihood of a pullback.
Also at the lower range of the linear regression channel pattern - which also increases the likelihood of a mean reversion trade.
Testing major resistance.
Keep an eye on the MACD for a potential bullish crossover.
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