GBP/USD analysis: Buy or Sell?
Based on the indicators on the 1-hour chart, Relative Strength Index (RSI) is hovering around 40 and the price is below the 20, 50, and 100 Simple Moving Averages (SMA), indicating a downward trend phase.
If the price continues to decline and breaks below the support zone at 1.2590, there is a likelihood of a more significant downtrend in the near future.
Conversely, if the price shows signs of reversal and begins to recover, it is likely to encounter resistance around the level of 1.2640.
If the price continues to decline and breaks below the support zone at 1.2590, there is a likelihood of a more significant downtrend in the near future.
Conversely, if the price shows signs of reversal and begins to recover, it is likely to encounter resistance around the level of 1.2640.
تعليق:
⭐️Please join my community today at:
t.me/+P8VWYYU0gGsyNDJl
✅ Get a transaction signal with a win rate of up to 80%
✅ Enjoy free signals with high accuracy to bring your transactions to a new level.
t.me/+P8VWYYU0gGsyNDJl
✅ Get a transaction signal with a win rate of up to 80%
✅ Enjoy free signals with high accuracy to bring your transactions to a new level.
