Let's see how POUND is behaving.
This is a 1D chart. (Mid Term)
There are three resistance areas on the way up, pushing down on value.
Two of them are for the short and mid-term, and the other is for the long term, which requires massive buy volumes.
Two support areas are holding the price up.
If the price crosses the local resistance, you can put the solid resistance as the target.
The marker is showing sell volumes for GBPUSD.
The RSI shows that POUND is above the 50 levels, the center.
If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings:
Current Market Price: $1.26174
Let me know your ideas.
Good luck.
This is a 1D chart. (Mid Term)
There are three resistance areas on the way up, pushing down on value.
Two of them are for the short and mid-term, and the other is for the long term, which requires massive buy volumes.
Two support areas are holding the price up.
If the price crosses the local resistance, you can put the solid resistance as the target.
The marker is showing sell volumes for GBPUSD.
The RSI shows that POUND is above the 50 levels, the center.
If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings:
Current Market Price: $1.26174
Let me know your ideas.
Good luck.
