GBP to USD:
GBP/USD fell against the U.S. dollar after last week’s non-farm payrolls data was positive for the U.S. dollar.
The GBP/USD D1 chart has returned to the downtrend, and it can be found that the price has rebounded after hitting the 0.886 level. The RSI indicator is also back below 50, reverting to a downtrend.
GBPUSD H1 chart price has hit overhead resistance twice and has been unable to break it, which is a good opportunity for us to go bearish.
Order suggestion:
High bearish.
All transactions involve risks, the above analysis is for reference only. When placing an order, be sure to set the lot size and remember to set the stop loss.
