GBPTRY has entered a bullish trend and MAs play a role of support structure that keeps the trend in its current direction. Considering MAs, one could also say that there has been a bullish crossing of 150 and 200 MAs. Moreover, since the green vertical line that identifies the beginning of the trend, RSI has never been below the red support line (could be seen on the graph). Additionally, from a technical point of view, the upward trend has completed its 50.00% Fib retracement.
Overall, Fib along with RSI and MAs suggest a bullish week ahead for GBPTRY. Fundamentally, there were no chaotic news coming from the UK in the past few weeks and the election uncertainty could be over in the eyes of the investors.
Good luck, traders!
Overall, Fib along with RSI and MAs suggest a bullish week ahead for GBPTRY. Fundamentally, there were no chaotic news coming from the UK in the past few weeks and the election uncertainty could be over in the eyes of the investors.
Good luck, traders!