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GBP/USD has done into a consolidation phase after staging a rebound toward 1.3100 during the European session. Although the greenback is struggling to find demand following Tuesday's rally, the cautious market mood is not allowing the pair to gain traction.
The Relative Strength Index (RSI) indicator on the four-hour chart is edging higher toward 50, suggesting that the pair has gone into a consolidation phase following Tuesday's drop. 1.3100 (former support, psychological level) aligns as first resistance. In case GBP/USD rises above that level and starts using it as support, it could extend its recovery toward 1.3140 (100-period SMA) and 1.3160 (static level).
On the downside, interim support seems to have formed at 1.3050 (static level). Sellers could take action if that support fails and drag the pair toward 1.3000 (psychological level). GBP/USD has done into a consolidation phase after staging a rebound toward 1.3100 during the European session. Although the greenback is struggling to find demand following Tuesday's rally, the cautious market mood is not allowing the pair to gain traction.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
