TipTVFinance

GBP/USD – no respite… despite oversold intraday indicators

FX:GBPUSD   British Pound/U.S. Dollar
The pair respected the falling trend line resistance yesterday and since then has been on a way route to 31-year lows.

The selling is so intense that technical correction does not last more than 20-pips.... this despite being oversold on 4-hr and hourly time frame.

Anyone out there who intends to go long on Sterling should ideally wait for a breach of the falling trendline or for a bullish price-RSI divergence.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out