GBPUSD Technical Analysis: Weekly Chart
In the weekly charts, GBPUSD is trading in a down channel. GBPUSD is currently trading below all SMA except MA(5).
RSI is in the selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.
Its immediate support is 1.15000 the resistance level is at 1.17000
GBPUSD will trade in a down channel until there is a trend reversal.
GBPUSD Technical Analysis: Daily Chart
In the daily charts, GBPUSD is trading in a down channel. GBPUSD is currently trading below all SMA except MA (5).
RSI is in the selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.
Its immediate support is 1.15500 the resistance level is at 1.16800
GBPUSD will trade in a down channel until there is a trend reversal.
How to Trade GBPUSD this Week:
GBPUSD will follow the downtrend until its trend reversal. So, remain bearish on GBPUSD
