FX.co ★ dusty24 | GBP/USD

Technical analysis on the GBP/USD pair. The basis of TA - support and resistance levels, RSI and AO indicators.

The previous drop has been almost fully retraced. The pair tested the resistance level and is now attempting a correction. Let's see what the indicators are saying. The pair has slightly dropped, but has not reached the target and turned around. As seen on the chart, the pair tested the 1.3410 level and is currently trading at 1.3380. RSI is moving in the middle of the range and looking downwards uncertainly, AO is showing a weak selling signal, and the price of the GBP/USD pair is above the previous day's trading range. The signals are not very strong, but there is a possibility of a slight decrease. I assume the price will test the support level at 1.3330. Based on this analysis, it is recommended to sell from current prices down to 1.3335. However, it is better to keep the risks moderate, so do not forget about stop losses.