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Technical analysis:
GBP/USD has been trading sideways today at the price of 1.2637 and I see potetnial for the downside breakout and downside continuation.
Due to the downside momentum in the background and RSI reading below 50 mark, I see potential for the further drop in case of the downside breakout of the tight triangle pattern.
Downside objectives are set at the price of 1.2595 and 1.2500
RSI oscillator is showing negative reversals and reading below 50 level, which is good sign for the potential downside continuation.
Key resistance is set at the price of 1.2677
*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।
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