GBPUSD 2 scenario

6 thg 9, 2021

At the moment there is no clear confirmation on which direction the GBP will head toward, looking at the macd & rsi the price can most likely have bullish divergence since the 50ma is close to 200ma and likely crossover. The price is moving in an uptrend channel, if the channel break we will see a strong resistance breakout. The price can also test the support too and break the support zone. Its best to take position where ever the breakout occurs.

Good luck