GBP USD started a rally @39 RSI level supported by uptrend channels + 20 SMA.
The pair gapped down the trend supported by the 20 SMA and returned @39 RSI level. The correction found support on the 50 SMA and climbed back above the 20 SMA where it's finding resistence. Where is it going? I am not a professional trader and these are only my personal ideas. Thank you for reading and sharing yours.
The pair gapped down the trend supported by the 20 SMA and returned @39 RSI level. The correction found support on the 50 SMA and climbed back above the 20 SMA where it's finding resistence. Where is it going? I am not a professional trader and these are only my personal ideas. Thank you for reading and sharing yours.
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This may be of interest: www.investopedia.com...g/05/playinggaps.asp
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