Homeboy GBPUSD is approaching Resistance at 1.22722
Price is currently 1.22379
MA's aren't clear. But the 13MA is swooping up and crossing over the 21 to start a possible upward trend. Still Consolidation but showing possible BULL.
Stochastic RSI is overbought. Who knows how long that'll last. BULL?
MacD is turning up from oversold conditions. Those poll thingies show buy. BULL?
Bollinger Bands put the squeeze on but price has just popped above the top band.
Where to from here?
Possible pullback to around 1.2169 area, 21 MA before bouncing back up and breaking through the next resistance at 1.22722. Price keeps bumping up against that. If it doesn't break, might swing back to at least 1.20850
Be Safe
Price is currently 1.22379
MA's aren't clear. But the 13MA is swooping up and crossing over the 21 to start a possible upward trend. Still Consolidation but showing possible BULL.
Stochastic RSI is overbought. Who knows how long that'll last. BULL?
MacD is turning up from oversold conditions. Those poll thingies show buy. BULL?
Bollinger Bands put the squeeze on but price has just popped above the top band.
Where to from here?
Possible pullback to around 1.2169 area, 21 MA before bouncing back up and breaking through the next resistance at 1.22722. Price keeps bumping up against that. If it doesn't break, might swing back to at least 1.20850
Be Safe