GBPUSD: bullish bias applicable?
Dollar weakness applicable above 1.3210.
RSI is oversold - which increases the likelihood of a pullback.
Also at the lower range of the linear regression channel pattern - which also increases the likelihood of a mean reversion trade.
Testing major resistance.
Keep an eye on the MACD for a potential bullish crossover.
RSI is oversold - which increases the likelihood of a pullback.
Also at the lower range of the linear regression channel pattern - which also increases the likelihood of a mean reversion trade.
Testing major resistance.
Keep an eye on the MACD for a potential bullish crossover.