OANDA:GBPUSD   British Pound / U.S. Dollar
GBPUSD

GBP/USD

30 min chart - Hit a resistance at about 1.25647 & was able to confirm a sell off with triple top & a steady downtrend pattern riding under EMA line. It then hit a support at around1.25137 with RSI looking good. Began to make an upward pattern while still riding under EMA line so waiting for confirmation that will break above downtrend resistance & waiting for it to begin riding above EMA line.

1 min chart - showing steady consolidation at uptrend support with it breaking above initial downtrend resistance & confirmed it riding above EMA line. Waiting for it to get closer to upward support #2. RSI shows to be more on overbought side.

Related Ideas

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.