Get started
ShawnTheTrader

GBPUSD Price at Support Level, Long Position Possible.

Long
British Pound / U.S. Dollar (OANDA:GBPUSD)  
ShawnTheTrader  
OANDA:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Wave Analysis GBPUSD priceaction shortterm buy LONG
1
0
trendanalysis chartpattern waveanalysis gbpusd priceaction shortterm buy long
As seen from the chart, the price of currency pair GBPUSD was a strong sell/downtrend and is now at a support level.

With that, we can expect a correct wave and the price to move to the nearest resistance before continuing its original trend.

The RSI further confirms that the price will move up.

Do let me know what you guys think.
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.