The gbpusd goes up by 900 pips almost continuously.
The trend in the weekly graph has not yet changed to a positive trend.
The Stochastic has come to Overbought and it's time to start selling.
You can see in the graph above that gbpusd has reached exactly the 200 moving average line used as resistance and even if the pound finally rises above the above line the market will initially decline
Target: 1.2970
The trend in the weekly graph has not yet changed to a positive trend.
The Stochastic has come to Overbought and it's time to start selling.
You can see in the graph above that gbpusd has reached exactly the 200 moving average line used as resistance and even if the pound finally rises above the above line the market will initially decline
Target: 1.2970