GBPUSD Starts Uptrend

GBPUSD CHART PRICE – GBPUSD DAILY

After suffering for many trading sessions the pound was finally able to end the downtrend, during the reopening it was able to break its resistance at 27.67 however that did not last long as it fell back to 27.32, however in today’s session we see its up 0.20% and if can make consistent gains we could see the price trading above that resistance again soon, the relative strength index is at 35% which tells us that it is a good time to go long as there is room before it is considered overbought, the bollinger bands are wide suggesting volatility and supporting the trend change as well.

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.