Long GBPUSD

23 Jan 2020

In the short term, the pound becomes bullish, bouncing on a weekly chart from the average of 30 sessions, as we see in the daily chart, the weekly bullish guideline is being respected, we see a positive murrey, with a macd crossed upwards, and an rsi breaking above the 50 level, all this adds to a break in a bearish contraceptive line, which I lean for long in the pound against the dollar, although a lot of caution because for the week we have BOE meeting.