proofofjay

GBPUSD Ranging, expecting a bounce soon

Panjang
FX:GBPUSD   Paun British / Dolar A.S.
Approaching/Sitting just above lower bband with STOCH RSI slightly oversold and RSI approaching oversold territory (At ~38)
Not much to interpret from volume other than its remained consistent, doesn't seem to be dying or picking up much
Also, sitting just on a bullish OB

Therefore, expecting a bit more downward movement to ~1.27, maybe range in this OB for a while
before a bounce to the top of the band/Bearish OB at ~1.3
Looking for an uptick in volume as we range before being convinced of a significant bounce, though, as Stoch RSI still remains bearish

Also, clearly in a range between ~1.262 * ~1.32 so it would make sense to touch/ come very near to support of this range before making a move back to the top
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.