Technical analysis on the
GBP/USD pair. The basis of the trading system includes support and resistance levels, RSI, and AO indicators.
The pound has risen very well, but it has been trading flat for the second day in a row. It seems that there may not be strong movements tomorrow. Let's see what the indicators say. The pair has slightly dropped, but has not reached the target and reversed. As seen on the chart, the pair tested the 1.3850 level and is currently trading at 1.3794. RSI is moving in the middle of the range and hesitantly looking down, AO is showing a weak selling signal, and the price of the
GBP/USD pair is within the previous day's trading range. The signals are not very strong, but there is a possibility of a slight decrease. I assume that the price will test the support level at 1.3735. Based on the analysis conducted, it is recommended to sell from current prices down to 1.3745. However, it is better to keep the risks moderate, so do not forget about stop-loss orders.
