GBP to USD:
GBP/USD D1 chart price found support after making new lows. From the RSI chart, it can be seen that the price has reached the oversold area, but the current trend is still in a downtrend. As long as the RSI indicator remains below the percentage of 50, the trend is still biased towards bearishness. Judging from the candle chart, there is a very high possibility that the price will first pull back and then continue to fall.
The H1 chart shows that the level price is supported, and the RSI indicator can also see that the price is currently in an upward trend. Short-term prices still have a lot of room for growth.
Order suggestion:
You can see more in the short term. Long-term can wait for the callback to enter the market short.
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.
