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| GBP/USD |
SUMMARY:
The trend of
GBP/USD
is majorly bearish but from past few trading sessions prices are not
sustaining at lower levels & consolidating near the important
level of 1.4990. In its hourly chart, prices are consolidating with
strong positive bias and taking support of 30 and 200 DMA. If the
pair breaks the important level of 1.4990 at upside then we can
expect it to test the level of 1.5040/1.5090.
INDICATORS:-
RSI is sustaining in buying territory supporting the
upcoming bullish trend in the pair.
MACD line is also sustaining in buying territory
indicating the bullish trend in the pair.
STRATEGY:-
GBP/USD
has bounced back from the lower level & looking bullish on charts
for next few session. One can go for buy on dips strategy for this
pair for intra day to mid term positions.
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