GBP USD SHORT

24 thg 4, 2022

GBP USD is in strong weekly down trend. Price broked the major support 1.30 and broke 1.29 levels .Further weakness in short term charts is unlikely as RSI is oversold and all indicators showing oversold.Price will make a correction before it comes down for the new lows. good to go short with the correction move. weekly basis price might test 1.2670 followed by 1.2575 levels with stronger USD

Supp - downward moving MA
RSI below 50 and downward price action