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GBPUSD CHART PRICE – GBPUSD 4H
GBPUSD has been fluctuating for a while. As can be seen, it does not have a clear trend since April. I do not observe any clear signal for the long term, so I focus on the latest pattern for the near future.
I list all my signals here.
The rising wedge is an obvious pattern, which is a bearish signal. The price tests several times within the wedge pattern.
The Bollinger bands shrank recently, which is a reversal signal. Also, the divergence of MACD and candles is clear, this is a bearish signal according to the pattern.
The RSI is 62.73. This is a comparatively high level.
So, I expect a downward trend show up here.
This post does not provide Financial Advice for traders, its merely purpose is education, use all the information available from different Analysts and build your own strategy, trading is not for everyone, you should only trade with money you can afford to lose, past performance is not an indicator of future results.
