GBP/USD: RSI Indicates Sell Signal
GBP/USD weakens for the third consecutive day after failing to test the April 2022 high (1.3167), with the Relative Strength Index (RSI) indicating a textbook sell signal as it falls below 70.
GBP/USD Rate Outlook
A move below the 1.3000 (78.6% Fibonacci extension) handle may push GBP/USD towards the former-resistance zone around the June high (1.2848), with a break/close below the 1.2850 (61.8% Fibonacci extension) to 1.2890 (50% Fibonacci extension) area opening up the 1.2750 (50% Fibonacci extension) to 1.2760 (61.8% Fibonacci retracement) region.
However, GBP/USD stage further attempts to test the April 2022 high (1.3167) if it holds above the June high (1.2848), with a break/close above the 1.3140 (61.8% Fibonacci extension) to 1.3190 (100% Fibonacci extension) zone bringing the March 2022 high (1.3438) on the radar.
GBP/USD Rate Outlook
A move below the 1.3000 (78.6% Fibonacci extension) handle may push GBP/USD towards the former-resistance zone around the June high (1.2848), with a break/close below the 1.2850 (61.8% Fibonacci extension) to 1.2890 (50% Fibonacci extension) area opening up the 1.2750 (50% Fibonacci extension) to 1.2760 (61.8% Fibonacci retracement) region.
However, GBP/USD stage further attempts to test the April 2022 high (1.3167) if it holds above the June high (1.2848), with a break/close above the 1.3140 (61.8% Fibonacci extension) to 1.3190 (100% Fibonacci extension) zone bringing the March 2022 high (1.3438) on the radar.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.