GBP/USD waiting to test a supply area

GBP/USD waiting to test a supply area

GBP/USD has been recently favored by a weak USD across the marks and now it’s doing a rebound from the low of 1.2772. That move could put the pair on the way to reach the supply zone established between the 1.3077 and 1.3019 levels, at which lies a strong territory for sellers, according to our Fibonacci projections.

RSI indicator remains slightly below the 50 level territory, favoring for a consolidation before any significant move.



Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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