SLO @ 141.75 ⏳
TP3 @ 1.3970
TP2 @ 1.3570
TP1 @ 1.2840
BSO @ 1.2540 📈
BLO @ 1.2455 📈
Technically, the analysis for GBPUSD is flat. This currency pair is currently trading at $1.2485, which is still below the Anchor of May 27, 2022 which is @ 1.2667. This suggests that the trend is bearish. However, the bulls broke the Anchor on Cinco De Mayo reaching $1.2680, which is a strong indication of buying opportunities brewing.
The RSI indicator is currently at 45
— The neutral zone.
— This suggests that the market is neither overbought nor oversold.
The MACD indicator
— The neutral zone
— The signal line crossing above the MACD line
— This suggests that the trend could be about to change to bullish.
Here are some of the factors that has and could affect the GBPUSD in the near future:
* The UK's interest rate decision on May 19th.
* The US's non-farm payrolls report on May 6th.
* The US's inflation report on May 11th.
* The UK's GDP report on May 12th.
Please note that this is not financial advice. You should always do your own research before making any investment decisions.
TP3 @ 1.3970
TP2 @ 1.3570
TP1 @ 1.2840
BSO @ 1.2540 📈
BLO @ 1.2455 📈
Technically, the analysis for GBPUSD is flat. This currency pair is currently trading at $1.2485, which is still below the Anchor of May 27, 2022 which is @ 1.2667. This suggests that the trend is bearish. However, the bulls broke the Anchor on Cinco De Mayo reaching $1.2680, which is a strong indication of buying opportunities brewing.
The RSI indicator is currently at 45
— The neutral zone.
— This suggests that the market is neither overbought nor oversold.
The MACD indicator
— The neutral zone
— The signal line crossing above the MACD line
— This suggests that the trend could be about to change to bullish.
Here are some of the factors that has and could affect the GBPUSD in the near future:
* The UK's interest rate decision on May 19th.
* The US's non-farm payrolls report on May 6th.
* The US's inflation report on May 11th.
* The UK's GDP report on May 12th.
Please note that this is not financial advice. You should always do your own research before making any investment decisions.
Professor C. E. Ward
