Technical analysis on the
GBP/USD pair. The basis of TA - support and resistance levels, RSI and AO indicators.
Currently trading in a range. The pair tested the resistance level and is now attempting a correction. Let's see what the indicators say. The pair has risen nicely, hit the target precisely, and reversed. As seen on the chart, the pair tested the 1.3480 level and is currently trading at 1.3473. RSI is moving in the middle of the range and looking uncertainly downwards, AO is showing a weak buy signal, and the price of the
GBPUSD pair is above the previous day's trading range. The signals are not very strong, but there is a possibility of a slight decrease. I assume the price will test the support level at 1.3440. Based on the analysis conducted, it is advisable to sell from current prices down to 1.3445. However, it is better to keep the risks moderate, so do not forget about stop losses.
