GBP/USD Showing Signs of Breaking Out?
GBP/USD is testing the top of its 4-week bearish channel.
One tool that traders can use to help handicap when a trend may break is the RSI indicator. In this case, the 14-period RSI on GBP/USD’s 4-hour chart has been stuck in a well-defined range between 30-50 since shortly after the bearish channel formed, signaling consistent, but not excessive, bearish momentum. However, the RSI is threatening to break above the 50 level, potentially foreshadowing a breakout in the exchange rate itself.
A close above the bearish channel to finish the week would be a bullish sign for the coming days.
-MW
One tool that traders can use to help handicap when a trend may break is the RSI indicator. In this case, the 14-period RSI on GBP/USD’s 4-hour chart has been stuck in a well-defined range between 30-50 since shortly after the bearish channel formed, signaling consistent, but not excessive, bearish momentum. However, the RSI is threatening to break above the 50 level, potentially foreshadowing a breakout in the exchange rate itself.
A close above the bearish channel to finish the week would be a bullish sign for the coming days.
-MW
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.