Pair: GBPUSD
Technical Studies: Daily Pivot Points, Moving Averages, Bollinger Bands, Relative Strength Index.
GBPUSD opened at 1.5098, above Daily Pivot Point, SMA5 is it 1.5095, SMA10 is at 1.5051, and SMA15 1.5111 cable is trading above SMA5&10 and below SMA15. Golden cross has developed on SMA5 & 10.
Bollinger Bands are contracting, lower band is straight, upper and middle bands moving downward. Price is below middle band.
RSI is at 44.
Overall its bearish today but golden cross in SMA5&10 if sustains is initial sign of bullish momentum developing.
Trading Plan
Bearish below:1.5042
Bullish above:1.5142
Contact: newtraders01@gmail.com
Technical Studies: Daily Pivot Points, Moving Averages, Bollinger Bands, Relative Strength Index.
GBPUSD opened at 1.5098, above Daily Pivot Point, SMA5 is it 1.5095, SMA10 is at 1.5051, and SMA15 1.5111 cable is trading above SMA5&10 and below SMA15. Golden cross has developed on SMA5 & 10.
Bollinger Bands are contracting, lower band is straight, upper and middle bands moving downward. Price is below middle band.
RSI is at 44.
Overall its bearish today but golden cross in SMA5&10 if sustains is initial sign of bullish momentum developing.
Trading Plan
Bearish below:1.5042
Bullish above:1.5142
Contact: newtraders01@gmail.com
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