OANDA:GBPUSD   British Pound / U.S. Dollar
D1
Price is over EMA 200
At the same time the volumen is lower then several days ago
RSI on D1 is near 70
We have mixed signals. There is no trade opportunities.
H4
Uncertainty and mixed signals too.
The price is over EMA50
RSI is on up trend
Mix signals show the pound's weakness against the dollar.
That why I see two scenario.
First: 3 descending peaks and I will look for sell opportunity near 1,32 on H1 or
second H&S pattern and I will look for sell opportunity near 1,305 on H1



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.