years on the market

GBPUSD technical analysis

GBPUSD

The pair is consolidating in a narrow range of 1.4100-1.4220 due to, on the one hand, the imminent publication of important employment data in America this week, and on the other, the weekend in America and the UK.

Technical side:

The price is located above the middle Bollinger band, below SMA 5, but above SMA 14. RSI is above the 50% level and moves horizontally. Stoch are not informative.

Trading idea:

Expect sideways dynamics in the pair's movement in the range of 1.4100-1.4220.

Other reviews

Choose your language