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.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.