GBPZAR rise strong but momentum is near oversold levels

The British Pound strengthens against the rand, trading above 24.00 once again. Similar to USD/ZAR, it is also trading above the 200 SMA and approaching the February swing high of 24.59.

However, caution is advised as the RSI indicator suggests a potential pullback due to previous instances of oversold conditions. Considering the ongoing coalition talks, a negative outcome could lead to further depreciation of the rand. Resistance is at 24.59 and support is around 23.54 (200 SMA).
ForexFundamental AnalysisfuturesGBPZARTechnical IndicatorssignalsTrend Analysisxayahtrading

🔰| Forex trading

🧩Get an average of 1200 pips per month
🧩Consulting on Risk Management
🧩Account management
🧩Forex signals have a high win rate

🚨🚨🚨FREE SIGNALS: t.me/+8q3AxDD9CsRjYzI1
他のメディア:

関連の投稿

免責事項